Hi there Pepper,
Please excuse the postage stamp calculations… doing this on the run and may include errors and figures are only indicative..
4.32 million cash on hand October 2022
1.20 million IMEC
1.00 million cash burn per quarter
so around 2 quarters MAXIMUM working capital… Do management wait until the eleventh hour to raise? On good news yes.. on less favourable they would be raising in the A$0.02’s.. which isn’t very prudent for the business, shareholders or the management.
This is all in my opinion of course…
and in addition Management continue to dilute the shareholders who funded the journey to date (on successful results), so no reward for long term loyalty here?
Good Luck All
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3 | 192586 | 0.080 |
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Price($) | Vol. | No. |
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0.085 | 66156 | 4 |
0.086 | 250000 | 3 |
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