"It will be interesting to see how long the $7m lasts them. My guess is that cash burn will increase to about $1.5m per quarter. "
On what logic do you come to that conclusion from?
The company has forecast cash outflow of $1.1 for this next 1/4.
And then any income needs to get considered against that.
(only the ignorant would expect the current qtr income of $11k to be a guide for future...)
What do you know that they don't?
IMO/DYOR!!
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- Ann: September 2019 Quarter Activities Update and Appendix 4C
Ann: September 2019 Quarter Activities Update and Appendix 4C, page-16
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