where do u see cash burn of $700k? Why are u just bullshiting here? Uzi stated that burn rate will be at USD200k per month starting 1 Jan 2019.
That is A$280k a month.
Company had A$700k cash in the bank 1 Jan 2019 plus A$800k from the recent raise so that’s A$1.5m cash. Add A$140k revenue from the euro plastic sale and that’s say another A$100k to bottom line? So A$1.6m cash. I don’t count for any CF from the lubricant but that’s not correct.
That should be sufficient till June 2019. Enough time to close on few more deals and start getting more $$ in the coffers. They will need to raise some money in my view but on a back of material commercial agreement it should be much easier.
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