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?
 (20min delay)
|
|||||
|
Last
6.5¢ |
Change
-0.002(2.99%) |
Mkt cap ! $165.3M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.8¢ | 6.3¢ | $182.4K | 2.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 237849 | 6.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 205480 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| RNU (ASX) Chart |