We’re Hopeful That Elevate Uranium (ASX:EL8) Will Use Its Cash Wisely

Source: Shutterstock Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the right price. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

Given this risk, we thought we’d take a look at whether Elevate Uranium ( ASX:EL8 ) shareholders should be worried about its cash burn. In this report, we will consider the company’s annual negative free cash flow, henceforth referring to it as the ‘cash burn’. Let’s start with an examination of the business’ cash, relative to its cash burn.

Check out our latest analysis for Elevate Uranium Does Elevate Uranium Have A Long Cash Runway?

A cash runway is defined […]

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