Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-53

Not the greatest quarterly.

Cash in hand has gone from $158M to $133M. So another $25M gone and that is aided by $3M in currency movements. If anything, the highlight of this report is the fact the company has in 2 consecutive qtrs managed a positive return on currency movements.

Cash on hand was $175M, then last qtr was $158M, and now $133M. That is aided by $13M in currency movements. So $42M spend in 2 qtrs aided by $13M in currency. As the cash on hand decreases, the benefit of currency movement also decreases.

Averaging approx $30M spend per qtr last 2 qtrs. So that $133M has another 4 qtrs of runway. Not bad, but not ideal when the company has ZERO credibility with timelines.



Pretty uneventful quarterly otherwise. Although, amusing to watch the LKE fanbois ATTEMPT to frame the Acuity ATM in a positive light. That gave me a good laugh. Thanks fanbois.