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.
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Gut feeling something is cooking with a funding deal.Quick run...
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