I've been following MOZ and it will likely be placed into administration in under 12 months time.
Their banking debt facilities expire in August 2024 and then their convertible bond in September 2024.
Mickebee is correct in his assessment, MOZ is burning cash hugely and it does not look close to turning around.
Free cash flow in FY23 was circa -$35m, in FY22 it was -$48m. They plugged some of this gap by raising $32m in convertible notes in FY22 but they've burnt through nearly all of that and cannot see how they will re-finance any debt or even raise equity.
MOZ Price at posting:
11.0¢ Sentiment: Sell Disclosure: Not Held
