The rate of cash burn here is horrific! If you back out JobKeeper and R&D rebates, then Operational Cash Flow (the best, most honest measure) was a burn rate of $2.2m for the quarter! At that rate, it won't be long before another CR - I'd say July / August. Glad I offloaded half my holding a few days ago at 18c (off a cost base of ~5c). Overall I'm positive on the battery / green energy sector and have other share exposures to it (PLS, AGE) but I just don't see a pathway here for LIT to make sustainable positive cashflow...
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