Cash Burn Rate is more than $4 Million/Quarter
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30th June - 3 Million Cash with 28.7 Million Options left
18th August - 1.6 million Cash just 16 Million Options left
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That bring effectively $3.1 Million Cash Burn in 45 days alone (since last Quarter).
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Once all options are converted, AOU will only have $1.64 + $1.6 =3.2 Million Cash, only enoguh till to survive this quarter.
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Get ready for Capital Raising at 10 cents.
Ann: OPTIONS UNDERWRITING TO FUND EXPANDED NEPEAN DEEPS DRILLING, page-3
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