No one is stating the obvious here.
Operating cash burn at around $600k with cash at 30 Sept $1.8M = three quarters till zero, ie 30 June 22.
And what was the $493k of investing in "other non-current assets"? Could be capitalising their development.
Total cash burn was about $1.1M so less than two quarters at this rate and this quarter is half done.
Got to be a cap raise in the pipeline - I'd bet on early December because Jan is dead.
I've reduced my holding to minimal - believe in the company long term and will pick up more if they offer a deep discount in a CR.
No one is stating the obvious here.Operating cash burn at around...
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Last
3.4¢ |
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0.000(0.00%) |
Mkt cap ! $21.40M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.3¢ | $6.379K | 189.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31250 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 203535 | 3 |
View Market Depth
| Last trade - 12.25pm 03/05/2024 (20 minute delay) ? |
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3.2¢ |
Change
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.2¢ | 102761 | ||
| Last updated 15.14pm 03/05/2024 ? | |||||
| RNT (ASX) Chart |