Looks like another good quarterly announcement from NAN. Cash burn is still good. Increased expenditure is due to a decrease in Government grants not an increase in costs. Including the $800k for production tooling and ramp up and not including any interest earned, they still have enough cash for 3 more years at this rate. Fantastic news in todays climate. Great to see the new product pipeline is still being strengthened through increased IP and additional product opportunities. Am looking forward to more details in final report/AGM. NAN has a nta of 14.7c/share and cash reserves of 24c/share. Just the cash alone is worth more than NAN's market cap even when you include todays 23.5% rise. The market is pricing NAN at the moment as if it will make not one cent in the next 2 years and then go insolvent. What a fantastic buy!
NAN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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