With hindsight providing us with data on the ability of this company to burn cash, the question is 'Is $67M enough"?
Will this, for instance, all be consumed by a bond requirement in order to secure a deal?
They have gone through approx $20-$25m of the Ingot loan facility in the first half of this year. Add another $5 in creditor stretch so lets say $30m needed to fund cash flow in the first half. $35m will come from the rights to fund working capital this gives them another 6 months. That is the timeframe they have bought themselves.
IS IT LONG ENOUGH?
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.085M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 220000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 100000 | 1 |
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| Last trade - 16.21pm 12/09/2025 (20 minute delay) ? |
| ERG (ASX) Chart |
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