It seems to me that much of the additional cash burn is the company being proactive in relation to current COVID-19 impact on operations and supply chains. I think this is a good thing.
"Added inventory during the quarter to mitigate supply chain delay risks in the current environment. $14 million of inventory by sale value on hand to meet near term pipeline requirements
- The $2 million inventory spend for the quarter, reflects this inventory-on-hand scale up"
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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Last
$1.45 |
Change
0.048(3.39%) |
Mkt cap ! $1.128B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.50 | $1.39 | $14.08M | 9.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 120054 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 8596 | 2 |
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| Last trade - 12.56pm 29/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |