Peace, I est cash burn at about $1m per quarter after excluding revenue/rebates, etc... so slightly less than you have, meaning we have slightly longer to 'D-Day'. I'd estimate 9 months. Now, there may be deals on the horizon, but without additional deals the board will raise cash before we get to $0, so the timing becomes important. I wonder how much the board will hold off to see if Richard and his team can get to these value inflection points raised in the recent presentations. Could be pretty bloody tight. Probably too tight for the board, but that could depend on what's happening behind the scenes when we get there. Let's hope a deal comes through, say $1m min should do if I'm reading the tea leaves right?
PYC Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
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