Hey so they do have approx 4 Mil effectively in bank.
'Cash at bank of A$2.3m as of 30 June 2016, with a further A$1.6m raised through a subscription agreement for 20 million shares at A$0.08 in October 2016'
After this quarter of say 1.4 Mil cash burn do you expect the next quarter to be the same or to be significantly reduced? sub 1.0 Mil cash burn? It would probably have to be even lower to avoid another CR i suppose.
OLV Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held