LEG News: We're Hopeful That Legend Mining (ASX:LEG) Will Use Its Cash Wisely - 18th Mar 2023, 7:25am

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Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Legend Mining (ASX:LEG) shareholders be worried about its cash burn? In this article, we define cash burn as its annu...

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