Interesting next 1/4’ly
They had at dec 31st - $8.1m in cash and were burning $1.3m In The current quarter. Might be more since they are shifting the plant back to wa. So approx $6.5 to $6.8 in cash. Previous quarter they burnt $1.4m and previous again (June 2017) was $1.2m. So at this rate, they have four or five quarters before exhaustion. Usually companies raise or sure up at least 3 quarters before than.
So in short either next quarter or the one after Hazer need to deliver some runs, imo. Of course we could keep posting dreams, but think it’s time Hazer started to deliver substance, imo.
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