RFX 14.3% 12.0¢ redflow limited

So lets put some numbers into this discussion @mordrax This link...

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    So lets put some numbers into this discussion @mordrax
    This link has the latest quarterly report that has the latest 12 month numbers.
    https://hotcopper.com.au/threads/ann-redflow-quarterly-update-and-appendix-4c.5528783/

    Up to the 12 month period to 30 June 2020,
    * Net cash used in operating activities was $7.122 million
    * Revenue was $1.881 million
    the "fraction" of revenue to costs is 13/50 or .26
    Obviously not great, though 26% isn't trivial or tiny and there are spec companies out there on the ASX with zero revenue.
    RFX Made a loss of 5.2 million in the 12 month period to 30 June 2020.
    Cash on hand is $3.39 million plus the $4.9 million from the CR.
    Therefore $8.3 million.
    Will the operating costs be the same or higher over the next 12 months....doubtful. I expect they will be lower as production will be lower over the next 6 months prior to Gen3 coming online.
    Will another CR be needed early next year? Probably, and I am confident that I would participate again.
    Is the sky falling in? No.



 
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