Hi Gareth - just following up on yesterdays chat regarding future cash burn I'd be keen to try and achieve some consensus on the actual average quarterly reduction that occured in the 2018/2019 financial year first.
Would you mind casting your eye over these numbers and make comments/alterations where you may feel applicable.
Appreciate your input
All amounts in US$
Cash and instruments as at 30/06/2018 - $61.3M
add
Posco proceeds (nett) - $217.3M
add
Margin from spod sales (approx) - $27.2M
Sub Total - $305.8M
deduct
Alita investment - $15.5M
deduct
Cash on hand as at 30/06/2019 - $176.3M
Total cash reduction for 2018/2019 Financial year - $114M or $28.5M per quarter
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