They had US$2.2 million in cash at the end of March and they are spending US$1 million a quarter after sales. This should be enough to get them to the end of September, maybe further is sales pick up.
They should be in a position to know if the business is viable before then so I am not too worried about a CR in the immediate future. We should at lead know if Thai Union is on board before then.
Stephen did say that they are talking to a lot of different companies and that there should be a good amount of news flow over the coming months. Certainly RAN is risky, but if they are seeing tractions and picking up serious sized customers we should be OK.
- Forums
- ASX - By Stock
- Ann: Thai Union trialling RePal pallets
They had US$2.2 million in cash at the end of March and they are...
-
- There are more pages in this discussion • 38 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 RAN (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.635M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
RAN (ASX) Chart |
Day chart unavailable