TG1
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6.90% 3.1¢ techgen metals ltd

Cash from IPO in April i$6m, cash balance as at 30 September...

  1. Sealion002
    301 Posts.
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    16/01/22
    21:22
    Post #: 58903116
    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?
    TG1 Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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0.002(6.90%) 		Mkt cap ! $3.972M
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