TSP and those cost cuts are insane.29 Jan 2024 00:26
On 12th october on applying for the TSP The Company's current cash balance is c. $107,000.
19th December Following completion of the Fundraise, the Company's cash balances at the end of December 2023 are expected to be approximately US$2.1 million
21 x better cash reserves than 3 months ago for a doubling of the shares in issue.
To add more weight to enets current position the savings via running costs although not a contract is worth a contract. I am miffed at how much savings have been made.
Monthly running costs down from $660k to $300k, $330k reduction a month. Thats $1,080,000 a quarter. Is my maths right, as if it is this takes care of the $400k per quarter debt payment and leaves over $600k per quarter in the running cost savings.
Over the year its over $4million saved in running costs.
What Would a contract worth $4million per year do for the share price. Have we all not cottoned onto something of serious value here.