RE: Resilience..9 Jun 2024 11:32
All the fanboys are out this weekend, quoting their Jesus.
Stroll promised cash flow positive in 2023, remember? Fools.
Kitty, if they use the £170m credit card, they just add that to the debt, total of will be 1.2bn.
The important thing is cash balance, near term.
What do you think happens when you stop ALL production of ALL models at the same time?
You burn through more cash than expected, and take in less cash
£229.6 million cash left at end of Q1.
Q1 cash burn was £192.4.m
Q2 cash burn due to be £150m, but now no old cars being produced at all, so will be worse.
Therefore an absolute maximum of £79m left in 3 weeks, not enough to cover all liabilities
Lead up to next results will be interesting, 6/7 weeks to go.
Will people take profits, or gamble on an imminent cash raise?
Let's find out!