This result was what I was expecting. I previously wrote about my concern about the business without the $5m CHIRON payment (https://www.thestockpickerau.com/si...Health---Financial-Check-Up-Uncovers-Concerns).
Now there is $2.5m cash on the balance sheet and without the $5m revenue they would have made a significant loss. Based on this they could run out of cash within a year or two without significant growth. They already have $1.5m debt.
I don't understand how the market has missed this. The company is at a tipping point with the risk well and truly pointing downwards.
This result was what I was expecting. I previously wrote about...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.836M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39384 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1585 | 1 |
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| Last trade - 10.04am 02/12/2024 (20 minute delay) ? |
| GLH (ASX) Chart |
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