Good point. Looking at 2023's wet quarters (Apr-Oct), cash burn averaged 772k per quarter. So I correct my calculation, should sit at 1,661/772=2.15 quarters remaining. They may hold off on a cap raise until the October quarter. Maybe by then REO prices are back into the 70-90 USD/kg Nd range and there is more life in the sector.
Good point. Looking at 2023's wet quarters (Apr-Oct), cash burn...
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| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $28.89K | 28.89M |
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| No. | Vol. | Price($) |
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| 1 | 3293667 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.2¢ | 240282382 | 114 |
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| Last trade - 15.41pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.1¢ | 0.1¢ | 0.1¢ | 3871600 | ||
| Last updated 15.42pm 14/06/2024 ? | |||||
| MRD (ASX) Chart |