9 mil in the bank, revenue obviously will grow, but they need to bring admin costs down from 2 mil... that is honestly abit ridiculous considering similar figures are expected next quarter. If you look at SYT which had a quarterly released today and a similar market cap, their admin costs are 200k, why XPE has 10 times that admin cost, is a good question. The rest reads quite well.
Ann: Quarterly Activities and Cashflow Report-XPE.AX, page-27
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