The cash burn rate has decreased significantly since the capital expenditure program concluded.
Secondly, investors are interpreting no news as bad news (no contract wins). Such an interpretation is merely a reflection of negative sentiment rather than an indication of the underlying state of the business.
Thus, I fail to see how "financial update" indicates or warrants interpretation as a capital raising.
The cash burn rate has decreased significantly since the capital...
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31.5¢ |
Change
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Mkt cap ! $70.50M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 31.5¢ | $6.028K | 18.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9384 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 204623 | 4 |
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| MCE (ASX) Chart |