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Sagalio Energy Faces Funding Crunch with Just 2.5 Quarters of Cash Left
6:45pm on Friday 24th of January, 2025 AEDT
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Energy
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Sagalio Energy Faces Funding Crunch with Just 2.5 Quarters of Cash Left
6:45pm on Friday 24th of January, 2025 AEDT
Key Points
Net cash outflow from operating activities of USD 79,000 in Q4 2024
Cash and cash equivalents declined to USD 42,000 by quarter-end
Total financing facility of USD 350,000 with USD 190,000 drawn
Estimated funding runway of approximately 2.56 quarters remaining
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Sagalio Energy (ASX:SAN)
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