KGL News: Here's Why We're Watching KGL Resources' (ASX:KGL) Cash Burn Situation - 17th May 2022, 9:54am

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There's no doubt that money can be made by owning shares of unprofitable businesses. 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, the natural question for KGL Resources (ASX:KGL) shareholders is whether they should be concerned by its rate of cash burn. In this article, we ...

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