FBM 3.70% 2.8¢ future battery minerals limited

Ann: OPTIONS UNDERWRITING TO FUND EXPANDED NEPEAN DEEPS DRILLING, page-3

  1. 13,234 Posts.
    lightbulb Created with Sketch. 555
    Cash Burn Rate is more than $4 Million/Quarter
    ..
    30th June - 3 Million Cash with 28.7 Million Options left
    18th August - 1.6 million Cash just 16 Million Options left
    ..
    That bring effectively $3.1 Million Cash Burn in 45 days alone (since last Quarter).
    ..
    Once all options are converted, AOU will only have $1.64 + $1.6 =3.2 Million Cash, only enoguh till to survive this quarter.

    ..
    Get ready for Capital Raising at 10 cents.
    Last edited by sircorp: 19/08/21
 
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