Last 3 Qtrs all the same with losing ~$1m a month...
BUT moving fwd will be differen!!??
at least this is first time mentioning reducing cash burn and streamlining management team. As cant sustain 4.2M a Q in staff costs on <$2m revenue per Q.
with 1.1 quarters left and some vague answers around how they expect to last beyond that it's not looking good.
hard to raise capital also when market cap is so low. They need a good injection of cash just to survive and that would be more than 50% of their MC.
very sad to see this
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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Last
1.5¢ |
Change
0.003(25.0%) |
Mkt cap ! $7.292M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.5¢ | 1.3¢ | $14.75K | 1.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1432144 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 500000 | 1 |
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| Last trade - 15.30pm 16/06/2025 (20 minute delay) ? |
| MKL (ASX) Chart |