Good news on the debt refinancing but cash operating costs were US$450/dmt not US$350/dmt
Cash Burn was $21.9M for the quarter which is why they had to refinance the debt.
Had they not done that they would have run out of cash in one years time.
What the refinancing means is that they can avoid repaying back the debt at US$6.25M each quarter.
Good news on the debt refinancing but cash operating costs were...
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$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |