that troubled me too. Why are receipts down? the 1st quarter was hardly stellar. This seems to be the reason that we spent $2m (plus the $1.5m) in the quarter. if receipts had been the same as first quarter then we would just about be in credit. Here's hoping the next quarter TZ starts generating profits (and I don't mean capital raising). TZ will become profitable at some point but I'm just hoping we aren't diluted completely out of the game when it does.
I think the SP will hold around 15c but if sniff of a raising then it won't!
I saw the cash trust too for the $1.5m and was wondering what it was. My thoughts it may have been getting put towards the QVT loan. Seems odd to put it in a trust
Ann: Appendix 4C - December Quarter 2012 , page-5
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