Yep, I reckon the cashburn is and will continue to come right down.
There would be cost cutting across our 3 sites being Makuutu, Belfast and of course the Melbourne office.
Recycling and Belfast Ionic tech is the future.
Both the sale of Makuutu and the VMM equity will have to be viewed seriously as assets whose sale could help cement the future of the company.
In my opinion, it is quite clear that they have realised Ionic Tech is the path forward.
And they will facilitate any means to get there.
If that means holding the FS back to negotiate and cement the deals, than so be it.
As long as they ensure we stay afloat, and they can lock in a fair deal for the company and us, the shareholders.
Yep, I reckon the cashburn is and will continue to come right...
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1.0¢ |
Change
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Mkt cap ! $48.69M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $3.876K | 390.0K |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1693117 | 6 |
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| Last trade - 15.46pm 13/11/2024 (20 minute delay) ? |
| IXR (ASX) Chart |