Looks like the sp has resigned itself to a capital raising seeing as the soon to expire 5c options are far out of the money.
From Q3 4C: 1) "the cash balance at 31 March 2019 amounted to A$1.455 million." 2) "Estimated cash outflows for next quarter A$ 670,000." 3) Receipts from customers A$ 433,000 (Q3) & A$ 639,000 (Q1 to Q3)
Probably explains the recent market sensitive announcements, helps to boost our confidence before we have to cough-up. Well Rome wasn't built in a day.
3DP Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
