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Burge13

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21/08/24

11:33

Post #: 75301347
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Originally posted by Koproskilo: ↑

Yep, the market is not liking this.

I always saw our cash position as the company's biggest problem, and I guess now the market does as well.

Some good news and facts out of the last trip in Belfast, but no grants or funding arrangements.

So by the end of September, they will have to cut costs and preserve/build the remaining cash oh hand.

Some serious, and I mean serious, fiscal management and cost cutting should be happening behind the scenes, but until we see the September quarterly, we will not know.

VMM shares will be on the chopping block, to bolster the books.

So hopefully we can show a slow in cashburn, combined with another capital injection from the VMM shares, to give the quarterly a chance of any decency.

It didn't come out until late in October last year, so we have a while to wait before we can analyse the books.

I cant quite work out whether the market has heard something, is sick of waiting, whether this is just market jitters, or they have written us off.....or a combination or all of the above

Anything is possible, but these are certainly precarious times indeed

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My radical idea to save some cash is maybe Tim, Brett, & the others take an effing pay cut until they justify their salaries...

IXR Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $38.95M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	359116	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	359117	2

View Market Depth

No.	Vol.	Price($)
11	4838093	0.008
51	18349300	0.007
25	16030116	0.006
45	15379233	0.005
15	10885015	0.004

Price($)	Vol.	No.
0.009	8063880	19
0.010	9130057	15
0.011	2943190	5
0.012	2449999	4
0.013	1279493	5

Last trade - 10.04am 30/09/2024 (20 minute delay)

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