It is a fair observation. The issue is not the cah burn, it's the lack of revenue. That staff cost should be generating value, the offtake of algae by gencor? where is it? Down payments for the indian factory project? Revenue from the harvest -delayed -, fish feed revenue from big partnership in the us? Seems to me they've tanked Q3 and going for a huge Q4. Therefore won't need capital raising.
Now, it is why AEB is so low, burns too much cash, not much reserves, similar management. But the market still sees something.
From 3 months ago. higher highs and higher lows, floor was at 2.0c now it's at 2.5c.
Why would this time be different? Can they turn around the ship by investing in MC? The potential for AEB is 5X 10X within 2 years, that comes with risk.
AEB Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held