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- 17 August 2006
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Still $1.5 mill in the coffers to play with before a Cap Raise is required
Working on Spec-land requirements ... A price push prior to any CR should be mandatory
Watching ... Cheers @doogie_goes_off
I'd say 10M is a small market cap for such upside.
Having already lost my shirt, two pairs of shoes and my favourite suede jacket on this last year, have no intention of throwing good money after bad.
mick
For the half-year ended 31 December 2022 the Group incurred a net loss of $554,633 (2021: $536,952), has a working capital surplus of $834,347 (30 June 2022: $1,742,651), a net cash outflow from operating activities amounting to $203,770 (2021: $243,616) and had cash available of $901,580 (30 June 2022: $1,782,594).
The Directors have reviewed the business outlook, cash flow forecasts and immediate capital requirements and are of the opinion that the use of the going concern basis of accounting is appropriate. Based upon this assessment, a capital raising or significant reduction in operational expenditure will likely be required during the period of twelve months from the date of approval of these financial statements.
Should the Group not be successful in obtaining adequate funding, or adequately reducing operational expenditure as required, there is a material uncertainty that may cast significant doubt as to the ability of the Group to continue as a going concern and whether it will be able
to realise its assets and discharge its liabilities in the ordinary course of business.
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