Industry news, page-137

Hi @jip123

Thanks for your comment, I just did some quick calcs

Based on the 30th June cash at bank balance of $9,123,617

Adding

The recent oppies conversions / share issues

Bank Balance w/o expenditure since 30/6 is approx $19.5 Mil

Adding NASDAQ IPO (Shareholder approved on 17th Sept) with a minimum raise of US $25M (AUD$34.25M)

Post - IPO adjusted Bank Balance could be AUD$53.84M

(Without current oppies due to expire on 30th Sept which could add another AUD$42M to the bank if they were all fully converted.)

Yes I think a lot of quarters expenditure well and truly covered!

Good luck @jip123