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As a result, we expect our cash burn to decline materially throughout the back half of 2023.
“Flames were seen pouring from a cooling tower as specialist staff undertook a controlled burn to stop the flow of gas, predominantly ethylene,” Fire and Rescue said in a statement.
Source: https://thenewdaily.com.au/news/2023/02/28/chemical-plant-fire/
It’s one of the most aggressive budgeting methods to cut burn to the bare minimum.
Source: https://techcrunch.com/2023/03/15/zero-based-budgeting-a-proven-framework-for-extending-runway/
We will see some effect in Q2, and by the second half of the year, we expect cash burn to be at roughly half of recent levels.
"What about my horse who is locked in the yard, he's going to burn to death, no one can handle him because he's a rescue," resident Tiffany Paley said.