The half yearly at 07/08 said UBI had 20m in the bank and that 3.6m USD was still outstanding and due to be paid 3Q 2017 + the 7.5m AUD R&D rebate.
With about 31m in the bank and a constant revenue stream this is starting to get interesting.
UBI have an option to make an early payment of the debt in December so that would reduce costs dramatically.
Small top ups along the way, Viburnum won't leave the brakes on this thing for too long IMO.
MC of 65m
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