"I am not anticipating a cap raising any time soon."
Are you serious??
From the last quarterly;
So a $460,000 cash burn each month.
Assuming the 5B is accurate, as of September 30th 2018, there was only $811,000 left in the bank.
So by the end of October, there will very likely be only $350,000 left in the bank.
If the bond isn't finalised this month i.e. October, a Cap raising is definitely on the cards....
Ann: Grant of CEO Performance Rights and Appendix 3B, page-19
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