Realistically with sustainable revenue streams still a few years away (it was always going to and still will take more than 12 months to get a half decent market penetration with current products), this will have to be a considerable raise to keep on top of their expenditure.
Net spend for FY21 was 8.5m and they only have about 5m in the bank. The increase in commercialised product activities and late-stage clinical trials will only raise the annual spend.
My guess is without a raise of at least 10-15m this round, we’ll see another CR later this FY. The alternative is they start making partnerships to cover costs and boost market sentiment.
I still like their medical pipeline but they need to start sorting this out
- Forums
- ASX - By Stock
- Ann: Trading Halt
Realistically with sustainable revenue streams still a few years...
-
-
- There are more pages in this discussion • 8 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 ZLD (ASX) to my watchlist
(20min delay)
|
|||||
Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.510M |
Open | High | Low | Value | Volume |
75.0¢ | 75.0¢ | 75.0¢ | $81 | 108 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 466 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 0.780 |
1 | 2 | 0.765 |
2 | 1208 | 0.750 |
1 | 2528 | 0.720 |
1 | 1327 | 0.710 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 466 | 1 |
0.940 | 40000 | 1 |
0.950 | 1429 | 1 |
0.980 | 1021 | 2 |
1.010 | 1000 | 1 |
Last trade - 12.21pm 01/10/2024 (20 minute delay) ? |
Featured News
ZLD (ASX) Chart |
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online