BKT may indeed be able to reduce their cash outflows to give them a bit more time than the stated 0.64 quarters, but this isn't really the main point here. They've left it so late that even a greatly reduced cash burn isn't going to make that much difference at this stage - maybe an extra few weeks ? They've known for months how much cash they had left, yet here we are about to hit the big zero and the point of no return. Fingers need to be pulled out at BKT. This project seems to have well and truly stalled, and from the SP action, it appears the rot set in about 3 years ago. Yet the MD is still running about giving talks and describing the project like it is a rare pink diamond. If so, please advance the project BKT, and make something happen !
All IMHO, DYOR
BKT Price at posting:
3.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)