newB
Can't see the cash being a serious problem. As you state, a little under 30M with a cash burn last quarter (which included tariff prepayments) of roughly 11M. At current rates that gives them pretty sufficient breathing space so IMO I see no need for a CR with the current (rough) timeframes supplied re the install.
As evidenced today, the market had practically factored this announcement in, a 1.5c drop shaking out some of the more timid holders but hardly the catastrophe some were predicting. It may drift a little lower over the next month or so before anticipation starts to build up again on a re-start but I hardly think it's company crisis time.
One announcement re Crux or ES and this little issue will seem like a non-event. LT isn't the only consideration on management's plate currently....
Regards.
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23.5¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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24.0¢ | 21535 | 1 |
View Market Depth
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1 | 25000 | 0.215 |
2 | 12000 | 0.205 |
2 | 18000 | 0.190 |
1 | 25000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 21535 | 1 |
0.260 | 145820 | 2 |
0.295 | 3390 | 1 |
0.310 | 45789 | 1 |
0.330 | 180900 | 3 |
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