To be fair to management, these government grants are notorious for being late; so expect not much that management could do on that one.
But on the other side, isn't that programme for only $40m in aggregate, and management is asking for $14M of it? (which is matching fundind) Would be a nice surprise but perhaps unlikely that the Fed Govt gives 30% of its programme to an asx company with $20m market cap? They usually like to only back winners - often meaning the grants go to companies that are larger and arguably need the funding less. Look at what happened with them giving $1bn to Iluka in one of the other grant programmes...
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
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