Australia's largest stock trading and investment forum Australia's #1 stock forum

CMO

Click for more information

0.00%

2.6¢ cosmo metals limited

No, they will have a bit less than 2.5M cash after placement/RI...

First 22 Last

Share
Profile

Follow
aliscrazy

4,049 Posts.

347

25/03/24

09:30

Post #: 73037555
Share

Originally posted by theghostwithin: ↑

With accounts due in a few days, wondering where people see cash flow at. Cosmo is on my radar, but to be honest I do not have an estimate of current accounts.

Going by the last accounts produced up to 31 Dec '23, CMO were at a standing financial position of $8,622,786 (slightly lower than the previous quarter).

CMO show a cash burn of $408,768 on that quarter, slightly up (about 5% or so) on the previous quarter.

Since these accounts were produced, the Kanowna gold project has been acquired and I would expect some exploration and drilling would have been undertaken over the past 1-2 months, increasing cost to contractors.

Without taking this into account, CMO should have accounts standing at around 8.214m. Considering 100K or so for drilling, accounts should sit above 8m.

Am I thinking in the correct ballpark?
I am interested in lithium potential within CMO, rather than gold. I believe the lithium market will either turn in the next 2-3 months, or after US elections (if Biden is re-elected), or not at all.

Would love to hear others views whom have far greater understanding of CMO than I.

Expand

No, they will have a bit less than 2.5M cash after placement/RI complete

Last edited by aliscrazy: 25/03/24

CMO Price at posting: 4.1¢ Sentiment: Buy Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell wins first international approval for nerve repair product

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

DRO

Droneshield shares move up on $13.5M US govt contract

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

There are more pages in this discussion • 3 more messages in this thread...

First 22 Last

Add CMO (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $3.405M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.6¢	$4.535K	174.4K

Buyers (Bids)

No.	Vol.	Price($)
1	28073	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	28073	0.026
2	700000	0.025
1	225000	0.024
1	62562	0.016
0	0	0.000

Price($)	Vol.	No.
0.028	50000	1
0.029	31913	1
0.035	31200	1
0.038	48339	1
0.040	100000	1

Last trade - 14.07pm 08/10/2024 (20 minute delay)

CMO (ASX) Chart