re: Ann: Non-Renounceable Entitlement Offer &... Have you Crackpot or anyone else done a rough cashflow burn calc in light of the recent management /directors cuts in remuneration etc?
It was burning through quite fast back a few months ago which is why I was worried about a raising (guess it came true), am curious now what the current rate of cashflow burning per quarter would be, and how long the new raising would last us if so.
It's onyl a 1.2m raising and I note last quarter we burned through 958k in cash. I can't remember how much but the sale of the tenements to Alcyone was below 1m i thought, wasn't it something small like 66k or something? or was it 660k? Either way how are they going to make it through more than 2-3 quarters with their new cash balance?
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