AZS
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2.27% 32.3¢ azure minerals limited

$6.5m at 30 June, $1.8m expenditure forecast in this quarter....

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  1. Mossberg
    1,407 Posts.
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    27/09/18
    22:12
    Post #: 35894390
    $6.5m at 30 June, $1.8m expenditure forecast in this quarter. Cash balance currently around $4.8m

    Here’s a company churning through $50,000 on admin PER WEEK and compensating the MD $600,000++ p/a

    Azure has serious cash burn problem imo. Next raise will happen no later than first quarter next year
    Last edited by Mossberg: 27/09/18
    AZS Price at posting: 20.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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