HFR News: Will Highfield Resources (ASX:HFR) Spend Its Cash Wisely? - 16th Dec 2022, 7:36am

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There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Highfield Resources (ASX:HFR) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flo...

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