At this rate, they will burn through their cash in 2 quarters.
That gives them 1 quarter to arrange another CR.
Simple maths Operating Expenditure $2m a quarter.
Sales $245k a quarter
Cash at present $3.5m
This quarter only propped up by Govt Grants of just over $1m
Mark my words it will happen they will run out of money by June 23
So get on the CR bandwagon for a CR at a price of 2c a share to raise another 6 months of cash.
Rinse & Repeat.
Always keep an eye out on this train wreck
At this rate, they will burn through their cash in 2...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $157.6M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $63.39K | 414.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 384976 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 228483 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ALA (ASX) Chart |