Well a CR is needed very very soon
Cash at End of March $9,133,000 less this payment of $5,000,000 and estimated costs to end of June from last Quarterly Report of $3,109,000 means there will be a balance of $1,024,000 at end of June.
With a cash burn rate of $1 million per month this will last for July only.
LIT has really ploughed through the money since they sold out of LPD following their failed takeover bid including the profits they made from buying LPD shares from unsuspecting parties and selling them
Ann: Lithium Australia finalises convertible notes, page-2
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Last
2.0¢ |
Change
0.002(8.11%) |
Mkt cap ! $23.22M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.9¢ | $8.61K | 451.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 554812 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 2103152 | 11 |
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| Last trade - 11.25am 21/06/2024 (20 minute delay) ? |
| LIT (ASX) Chart |