NOV
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1.19% 8.5¢ novatti group limited

I agree with you. Cannot see any current need for more capital....

  1. Anton
    1,046 Posts.
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    25/09/24
    17:01
    Post #: 75836541
    I agree with you. Cannot see any current need for more capital. My current estimate of the cash burn this quarter Q1FY24 is around $1 m.

    This is without knowing the number of the 500 new customers that have been onboarded. We also had been told that the university connection was to commence in July.

    I am thinking 5 plus quarters of a cash left at current burn.

    This is a vastly different beast from 12 months ago and I believe Novatti and AUDD will scale fast.

    Cheers Anton

    NOV Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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