RE: Looks Like5 Dec 2024 16:28
To put the issue of Cashburn in perspective, at current rates of burn - assuming they neither increase or decrease they have at LEAST a FOUR year runway with the existing cash pile. Possibly a bit more as I’m being conservative with my calculations. That would take us at least to the end of 2028. We can reasonably assume that, with the current order book and with any conversion of current capacity reservations to FID during that four to five year time period revenues are going to grow substantially. ITM have also proved themselves to be more efficient in controlling costs since DS took the reins.
So imho there is nothing to concern over in terms of cash resources.