AJX alexium international group limited
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Ann: Updated Shareholder / Investor Presentation, page-5

  1. Wilb
    27 Posts.
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    17/05/17
    08:59
    Post #: 24733407
    In the **elli Conference presentation dated 17 March 17 the cash burn per burn was $550k. As noted in above this has been reduced to $100k per month with no revenue from Pegasus Home Fashions yet recognised and with other key revenue drivers yet to commence. The positive trend is pleasing.

    I do think that cash flow neutrality will be achieved during this quarter -maybe not CFN for the entire quarter but certainly from June 17.
    AJX Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
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