Davy
the recent Ann outlining the Kincell deal to relieve Imugene of the running cost and control of the Azercel manufacturing plant stated that there will be a US$32 cost saving over three years, which I take to be the total , ie US$10.6 per annum. Imugene should have been clearer in the quarterly to explain the reduction once again going forward, so investors can compare quarterly/annual cash burn to cash on hand etc, establishing a rough time frame. There is a further US $ 13m payment due in August for Azercel I believe.
In any event a B cell sale needs to happen pronto to avoid any further potentially disastrous and dilutive CR as per late last year.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-108
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