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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-13

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Reaper11

21,218 Posts.

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01/05/24

19:27

Post #: 73616074
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Originally posted by Reaper11: ↑

The fact it was $1.2 million on March 31 is not a bad thing. They spent $14 million+ above their income in the March quarter. They've survived a month into this 1/4 on that $1.2 million indicating the cash burn is much slower, and haven't at this stage flagged a raise. If they've survived a month on that $1.2 million they're not far off cash flow neutral, with production rates on the improve.

Reaper.

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@plonka : You've requested your post which seemed to contain some interesting (but pessimistic) figures be taken down. Was there a particular reason why you made that request?

Reaper.

G6M Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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