Australia's largest stock trading and investment forum Australia's #1 stock forum

MRD

Click for more information

0.00%

0.1¢ mount ridley mines limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

First 5 Last

Share
Profile

Follow
REElly

260 Posts.

22

30/04/24

13:11

Post #: 73582710
Share

Originally posted by T2CupAndHandle: ↑

Their cash burn looks low due to the one off $999k R&D rebate which landed in the March quarter. Cash burn excluding that one off for March was $778k. So the quarters remaining with sustained activities as in March quarter would then be 1,661/778= 1.5 quarters. I am sure this will become clear when either the June quarterly is released (and it shows 0.5 quarters remaining) or they cap raise in the June quarter off the back of the long awaited MRE.

Expand

Very different spend profile during dry quarters (Oct-Mar) when drilling is happening, and we quarters (Apr-Oct) when it's desktop/engineering activity only.

MRD Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 15 more messages in this thread...

First 5 Last

Add MRD (ASX) to my watchlist