Hi Trading, as at 30/9/23 they had approx $128m cash , as 30/9/24 they were down to $109m.
That's what I mean by dwindling away.
Probably some big ticket items next year as well if they go ahead with the Pilot plant that Ead is keen on for some quality testing.
Also cash backing per share tends to fall over time as new shares get issued , for such things as employee bonuses and other non cash issues.
So yes it tends to dwindle.
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