Assuming the government grants/incentives is a one off, the the burn is around $450k a quarter. So two quarters of runway. Interestingly, TNT has been hovering around 2-3 quarters of cash reserve for quite a while now. There's no reason to think they can't keep doing this, but the risk is high. One misstep and the cards come down. I exhort them to close the Asta deal ASAP.
Ann: Appendix 4C - quarterly, page-15
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
