rgdk
first up thanx very much for your excellent report
just one issue
"Cash-position,
The company expects that the current cash will see them out for two years, by which time they expect to be cash-flow positive."
was just looking at the cashflow statement and noticed that it cost about $14m a year for to operate the business
2 x $7,366,377 (half year) = $14m
they have raised about $10m
cash and equivalents at the end of the half year is about $4.6m
$10m + $4.6 = $14.6m
as far as I can see they may only have enough to get them through one year, not two.
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