Gut feeling something is cooking with a funding deal.
Quick run through the mid year.. (on mobile so I am sure a few others can verify the numbers..)
Based on the half-year financial data, Sunstone Metals' average monthly cash burn rate is approximately AUD 1,622,845. With current cash and cash equivalents of AUD 4,537,069, their funding is estimated to last for about 2.8 months.This short runway suggests that unless they reduce their cash burn rate, increase revenue, or secure additional financing, they may face financial challenges in the near term. This is a critical factor for the company's financial planning and potential investment considerations.So unless they have a mighty retail paper raise coming soon. Wouldn't be supprised to see a cornerstone group throw some money at this.. As numbers in ground is stacking up.
- Forums
- ASX - By Stock
- STM
- Ann: Sunstone appoints Patrick Duffy as Managing Director
Ann: Sunstone appoints Patrick Duffy as Managing Director, page-29
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STM (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.51M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $3.31K | 366.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 13280122 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 9474372 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 13280122 | 0.008 |
12 | 4608535 | 0.007 |
4 | 2450000 | 0.006 |
5 | 3500009 | 0.005 |
3 | 2225000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 9474372 | 11 |
0.011 | 7169594 | 10 |
0.012 | 3384301 | 9 |
0.013 | 1966666 | 4 |
0.014 | 700000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
STM (ASX) Chart |