That's probably just a little over-dramatic. If they could make $354k last a quarter then $400k should get them through until the end of March.
But with so little progress in improving the bottom line, and the fact that the company has now removed their commitment to cash-flow positive in Q1CY2024 from their latest quarterly report, I see an increased risk that they won't make it and will be raising capital again in less than 12 weeks.
I continue to hold but have reduced my holding considerably.
That's probably just a little over-dramatic. If they could make...
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Mkt cap ! $1.005M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $400 | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 6 | 2560243 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 327974 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 100000 | ||
| Last updated 11.02am 03/05/2024 ? | |||||
| NGS (ASX) Chart |