Wrong, the cash situation is worse.
They have a minimum $1m cash holding Covenant with the Lender of the $5m Loan - Pure Asset Management. Refer page 19, 2023 Annual Report.
At Dec 31, they had just $2.8m in cash, deduct the $1m covenant and they're left with just $1.8m.
They burned $1.47m in the last quarter, the strongest quarter of the year when 50%+ of the total annual revenue and cashflow is generated.
Cash burn for upcoming March quarter likely to be worse than - $1.47m of previous quarter.
Out of cash this quarter.
Wrong, the cash situation is worse.They have a minimum $1m cash...
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.478M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $2.257K | 123.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 541279 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 266901 | 5 |
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| Last trade - 12.49pm 04/06/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.000 ( 5.26 %) |
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| Open | High | Low | Volume | ||
| 1.9¢ | 1.9¢ | 1.8¢ | 59735 | ||
| Last updated 12.40pm 04/06/2024 ? | |||||
| SPA (ASX) Chart |