Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

Don't get me wrong, I am a RGS bull but I was a bit surprised to see the sp rise yesterday. Can you, @KainCarver, @bedger or @littlecorn or anyone else check understanding please.

I like they want to fund it without dilution too. Just can't work out how they might do this other than about $A6-$A8m in the form of debt funding which will cost around $A1.2m at 11%

They had $1.6m left at 30/12/21 so after the payment of $1.2m to New Life Services on Jan 4 that's now down to $400k

The next Kyocera payment of $A5m has now slipped to Q2 CY23 based on the variation advised in the Trading Update in Dec so another 18 months.

Burn rate is about $1mpq so they need $6m in Operating cash plus $1.2-$1.5 in interest payments.

I'm a very long holder and trust management here, so I will be interested to see what rabbit they pull out other hat. They wouldn't have made these changes unless they had a cunning ("advanced") plan but there seems a LOT of uncertainty.