It could be worse, our last raising was roughly three years ago and at current cash burn rate we have funds to last at least 12 to 18 months.
WBT for example also raised funds around the same time as us in 2016 and had to raise more funds this financial year, $4m after costs and in the last three quarters has burned through that much that they will have to do another raising in the next six months.
SOR Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
