LGP 0.00% 13.0¢ little green pharma ltd

Unfortunately, this company in my opinion doesn't have much of a...

  1. 5 Posts.
    lightbulb Created with Sketch. 1
    Unfortunately, this company in my opinion doesn't have much of a future. I have been following for a while especially after I heard that Gina Rinehart had accumulated a substantial shareholding. However, I just can't see how they plan to be cashflow positive anytime soon? They are burning through $2.5m of cash every quarter. They will run out by mid next year the way they are operating! They will obviously have to do another capital raise while the share price is teetering ever so close to single digits. I can't see any positives with this company.
 
watchlist Created with Sketch. Add LGP (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $39.22M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $7.587K 60.41K

Buyers (Bids)

No. Vol. Price($)
4 97682 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 286256 5
View Market Depth
Last trade - 15.37pm 16/05/2024 (20 minute delay) ?
Last
13.0¢
  Change
0.000 ( 4.00 %)
Open High Low Volume
12.5¢ 13.0¢ 12.5¢ 60668
Last updated 14.54pm 16/05/2024 ?
LGP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.