349, page-30

  1. 77 Posts.
    guess it depends on what you mean by soon, by my reckoning they are good for the next 12 months

    keep in mind they raised A$45m in Feb 17

    at 31 March 2017 the company had US$11.9m cash AND a short term investments balance of US$24.9m which consists of highly liquid US Treasury securities with maturities scheduled over the next 15 months to match anticipated cash needs

    therefore with cash and equivalents at US$36.8m and a forecast cash burn for this quarter at US$7.7m it is unlikely that they will need another capital raising soon

    July's 4c will confirm current revenue unit sales and cashflow in the next couple of weeks
 
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