AVX avexa limited
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cash running out

  1. alacrity
    1,901 Posts.
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    29/06/08
    10:06
    Post #: 3923205
    The announcement financials state "Net decrease in cash held" is 23mil for the 1/4. At this burn rate, With 53mil in the bank left, we are out of money by about Nov30 08.
    Perhaps we might have a few months extra as the phase3 setup costs are hopefully mostly behind us.

    I'm hoping that no mention of this scary cash position is a sign that a merger or takeover is on the way soon.

    Otherwise its back to us shareholders to to top up the bank balance again.




    AVX Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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