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Ann: Quarterly Activities Report, page-7

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  1. sroyle
    1,463 Posts.
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    31/07/17
    16:17
    Post #: 26190429
    Hey Cazz,

    "Cash on hand at 30 June of A$2.1m with R&D cash refund of A$0.96m received 10 July'

    $2.1M end June plus + 960K R&D in July indicates around $3M COH now.
    KNL reported they also have an additional R&D sum of $1M due in next few months.

    "The submission in relation to the year ended 30 June 2017 is well advanced and is expected to result in a similar cash refund in coming months."

    So, "$3M COH with another $1M R&D refund due soon." is about right.
    KNL Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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