While I agree that this quarterly report is disappointing - we have much more than two years at current burn rates. From the (NZX) quarterly we have:
1) h) YTD cash decrease $1,062,637
4) a) decrease in cash from quarter $430,508
4) d) cash at end of quarter $6,027,781
14 quarters remaining at current quarter burn - or 4 years at YTD (.75 of year) rate.
However we are expecting cash burn to increase - hopefully alongside real development. Expected outlay for next quarter (ASX) is $531,650. Still gives 11 quarters or closer to 3 years than 2.
Aside from that there are also options still to be converted - but this would only realistically occur if sp rose (on the back of some good news).
119,851,516 A$0.02 or NZ equivalent / 28 November 2017
$2,397,030.32 AUD * 1.04 = $2,492,911.53 NZD
1,250,000 A$0.011 or NZ equivalent / 13 February 2019
$13,750 AUD * 1.04 = $14,300 NZD
4,500,000 A$0.011 or NZ equivalent / 13 November 2018
$49,500 AUD * 1.04 = $51,480 NZD
Total $2,558,691.53 NZD at current rates.
Additionally bulk sampling will provide funds to the company when it proceeds. May not be break even but will slow the burn rate.
I wanted more details on Amer from this release... but good to see NTL isn't rolling over to them.
- Forums
- ASX - By Stock
- NTL
- Disappointing Updates
Disappointing Updates, page-8
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NTL (ASX) to my watchlist
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.830M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 3103980 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 0.011 |
1 | 50000 | 0.010 |
1 | 100000 | 0.009 |
1 | 120000 | 0.008 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 3103980 | 4 |
0.021 | 1000000 | 1 |
0.022 | 55000 | 2 |
0.023 | 5300 | 1 |
0.090 | 25000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
Featured News
NTL (ASX) Chart |
Day chart unavailable