Was having a nosey at an article from Simply wall street - June 2023 discussing cash burn.
As at December 2022, Renascor Resources had cash of AU$137m and no debt. Importantly, its cash burn was AU$9.8m over the trailing twelve months, so based on todays report $37 million has been consumed since Dec 22. Hopefully the burn will increase as requirements get done and ticked off the list.
Share Price was up in the proceeding 2 weeks by 11%.
Commissioning of the PSG demonstration facility next quarter and Mr Trump should mean an interesting next 12 months.
Securing the $185 million dollar loan from the govt - its got to be pretty positive
Was having a nosey at an article from Simply wall street - June...
Add to My Watchlist
What is My Watchlist?
