IDA News: Here's Why We're A Bit Worried About Indiana Resources' (ASX:IDA) Cash Burn Situation - 21st Feb 2023, 8:01am

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We can readily understand why investors are attracted to unprofitable companies. 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. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So should Indiana Resources (ASX:IDA) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at whi...

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