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6.82%

4.1¢ cosmo metals limited

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

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aliscrazy

3,753 Posts.

314

25/03/24

09:30

Post #: 73037555
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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.

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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
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(20min delay)
Last 4.1¢		Change -0.003(6.82%)		Mkt cap ! $5.182M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.1¢	$6.15K	150K

Buyers (Bids)

No.	Vol.	Price($)
1	25000	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	5000	1

View Market Depth

No.	Vol.	Price($)
1	25000	0.040
1	25000	0.038
1	10000	0.036
1	30000	0.035
1	25000	0.034

Price($)	Vol.	No.
0.045	5000	1
0.046	10000	1
0.048	87718	1
0.050	28333	1
0.053	50000	1

Last trade - 10.35am 29/04/2024 (20 minute delay)

CMO (ASX) Chart