Looking at their 4c, it appears that they have no overdraft/debt facility. I suspect that it would be better to secure this now when they still have a reasonable amount of funds rather than trying to secure something when they get to a cash crunch (will be cheaper to negotiate now).
It still raises the question of what their true cash burn really is.....if its only 1.5m per quarter (with say a flex of +/-3m timing of payments/receipts) then the 10m cash they have on hand should be more than sufficient. I suspect that over and above the cash used for operations, there is probably a further 8-10m spend on capital (Research, PP&E etc) so this provides a buffer until the price recovers at which point you can expect another CR......unless they actually start making some money
Looking at their 4c, it appears that they have no overdraft/debt...
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Last
7.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.39M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12998 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 3173 | 2 |
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| Last trade - 09.37am 31/07/2025 (20 minute delay) ? |
| MDR (ASX) Chart |
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