AJX 0.00% 1.3¢ alexium international group limited

Cash burn is still high , loan facility almost maxed out at 7.2m...

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    Cash burn is still high , loan facility almost maxed out at 7.2m , could have only around 2m in cash come july and need to find another 10 to 15m to repay loan and raise capital for working capital going forward. What margins are they now operating at ?? . Market cap still looks expensive and could do with some collapsing prior to raising additional capital imo. I can see this making new yearly lows on the chart.
    Last edited by malmanu: 26/04/17
 
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