SUVO STRATEGIC MINERALS LIMITED (ASX:SUV) - Ann: September 2018 Quarterly Report & Appendix 4C, 36477256, page-23 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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5.7¢ suvo strategic minerals limited

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41 Posts.

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12/11/18

21:46

Post #: 36477256
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Originally posted by Jandy: ↑

I am really worried about the quarterly cash burn of 700K vs the cash position of 1.5M. First of all, 700K is a huge cash burn, given that mass production hasn't really started yet. There are relatively large staff costs and "staff R&D" costs in addition. I feel with cash left for only two quarters, the SP won't fly, as no big players will touch this at this point in time. Even if we get another (even large) order, producing at larger scales will require either partnering with an established battery manufacturer, or large costs => cap raise.

A company like this needs enough cash for at least 8 quarters to give investors a reassuring feeling.

I am still holding (bought in at 3.2 cents), but like many others: won't be topping up because of the cash position so I cannot imagine the SP taking off unless the cash position gets rectified.

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UTR Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.7¢		Change 0.005(9.62%)		Mkt cap ! $55.07M

Open	High	Low	Value	Volume
5.3¢	5.7¢	5.2¢	$82.85K	1.533M

Buyers (Bids)

No.	Vol.	Price($)
2	160000	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	509655	2

View Market Depth

No.	Vol.	Price($)
2	160000	0.056
2	250445	0.054
1	815417	0.053
2	100000	0.052
5	322401	0.050

Price($)	Vol.	No.
0.057	509655	2
0.058	3344020	2
0.059	877047	3
0.060	1953819	4
0.061	390000	4

Last trade - 14.43pm 07/06/2024 (20 minute delay)


Last 5.5¢			Change 0.005 ( 6.80 %)
Open	High		Low	Volume
5.3¢	5.6¢		5.2¢	265911
Last updated 12.50pm 07/06/2024 ?

SUV (ASX) Chart