Hi guys let's get this in perspective. The ASX Listing Rules, specifically Listing Rule 4.7B, require listed entities to lodge a quarterly cash flow report (Appendix 4C) within one month of the end of each quarter. If an entity's net operating cash flow is negative (Yes) and they have less than two quarters of funding remaining (Yes), they must provide additional information, including whether they expect the negative cash flow to continue and any steps being taken to address it.
By my calculations NUZ's shortfall will probably be around AUD500,000. Pretty easy to explain that away with a line of credit or a short term funding facility. Yes significant funds will be required (think Healey) but there is no desperation at 30 June 2025 or for the 4Q 4C.
Stay Calm and sip (read guzzle) some champagne or take a sleeping pill
NUZ Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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