I do not wish to make you look like a fool as you tend to do a good job of that on your own.
Look above the figure of ($302,000) in the RHY December 4C - you see the figure $1,690,000 in government grants and tax incentives. That is RHY's R&D rebate from the ATO. It is a one off payment every year. You need to back that out if you want to understand the quarterly cash burn going forward.
Ann: Close of Rights Issue, page-35
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