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Cash available of $5.3m includes $3.5m debt financing. Cash burn...

  1. malmanu
    16,914 Posts.
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    19/08/17
    17:31
    Post #: 26609877
    Cash available of $5.3m includes $3.5m debt financing. Cash burn suggests they will burn that $5.3m before cash flow positive.

    30,379,740 Unlisted options: Exercise Price of $0.079; Expiry 16 August 2018.

    I would think they will run out of financing and cash before these options expire.

    I would wait to buy some post new financing/cap raising around second quarter ( APR-JUN 2018 )
    Last edited by malmanu: 19/08/17
    MNW Price at posting: 5.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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