AXP 0.00% 0.2¢ axp energy limited

guess it depends on what you mean by soon, by my reckoning they...

  1. 77 Posts.
    guess it depends on what you mean by soon, by my reckoning they are good for the next 12 months

    keep in mind they raised A$45m in Feb 17

    at 31 March 2017 the company had US$11.9m cash AND a short term investments balance of US$24.9m which consists of highly liquid US Treasury securities with maturities scheduled over the next 15 months to match anticipated cash needs

    therefore with cash and equivalents at US$36.8m and a forecast cash burn for this quarter at US$7.7m it is unlikely that they will need another capital raising soon

    July's 4c will confirm current revenue unit sales and cashflow in the next couple of weeks
 
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