Morning Richard, hope u are well. Just a small question as you have an accounting background, for the previous 3 quarters we have spent around $500,000 on Staff, admin and corporate costs, this quarter it jumped to over $800,000. in this quarter we had on the plus side $285,000 government grants and tax incentives, which then brings the overall spend down to just over $500,00 for the quarter. I presume that this was a one off grant as we have not had it in the previous 3 quarters. Given that, wouldn't the quarterly spend in the future be $800,000 as per last quarter divided by the 1.9 mil left in cash, which only leaves a bit over 2 quarters of cash left. Dont know if this makes sense to you, but hopefully with your background you could enlighten me.
Have A nice day
EVG Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
