Looking at the cash flow statement. Wow, how pathetic is this management. They wouild have known that cash was running out. $1.2m at the end of March with opex at 50% of that. (most of that is wages). That's why the cheapo CR was given. So at least the bank balance will go up a bit but a forecast to shareholders would be nice. Like how much they are spending on the Muchea pilot plant. Based on past performance, I'm rather nervous on how well this mob can manage the cash going forward.
IMHO & DYOR
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8
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