The 1/4 report should be released today some time, just going back over previous reports all seem to be released after market so should know the details tonight some time.
Im predicting some are not going to like what they see, im guessing cash in the bank as of 31/3/2012 to be $1.8 million and a cap raising to be done in the coming months.
At current cash burn they will only have 300k left at the end of July which only gives they one option seen as they have been said to have terminated the burgan deal and thats to raise more money AGAIN, as i highly doubt a financing deal/parnter deal will come to fruitation.
What do others think regarding cash balance??
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