Cash from IPO in April i$6m, cash balance as at 30 September 2021 was A$3.7m. So in 6 months they used almost half. Now we're in Jan, with the previous burn rate, now in Jan shall be somewhere around $1.5m, especially after the Narryer and Earaheedy Acquisitions.
It seems a CR might be soon? Part of the reason why the SP has been dropping as people are expecting it?
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Price($) | Vol. | No. |
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5 | 168077 | 0.036 |
6 | 418150 | 0.035 |
3 | 194145 | 0.034 |
2 | 60152 | 0.033 |
Price($) | Vol. | No. |
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