The cash burn rate will slow down significantly, according to...

  1. 922 Posts.
    lightbulb Created with Sketch. 110
    The cash burn rate will slow down significantly, according to the company announcement they haven't been served by any legal notices, and have said multiple times that court action regarding the JV is a last resort. Therefore these legal costs you're talking about Richman don't exist (at least not yet), and the money spent on assay results would have been committed prior to being removed from site, therefore those costs won't continue either.

    Expect a dramatically reduced cash burn in the next report imo. Nothing happens one way or another until we hear an update on getting the site back. Still got a few months to play out I imagine.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
32.8¢
Change
0.003(0.77%)
Mkt cap ! $233.5M
Open High Low Value Volume
33.0¢ 33.5¢ 32.5¢ $125.0K 378.7K

Buyers (Bids)

No. Vol. Price($)
12 423220 32.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 170212 7
View Market Depth
Last trade - 12.08pm 04/07/2025 (20 minute delay) ?
A1M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.