A note on the cash forecast: - they report 4 qtrs left at current burn rate (using the ASIC method which has to be based on prior qtr spend) - last 2 qtrs include big payments to imec - the baseline costs are about $400k per QTR (salaries, director fees etc).
so with $6.3m in hand, let's say - another $1.5m to imec (existing scope plus leave some room for new scope?) - $1m for ramped up marketing, legal etc.
that leaves $3m for ongoing baseline costs, and at $400k a qtr that's actually more like 8 qtrs
in my view, plenty of cash runway left to get it done and god forbid survive a setback without having to capital raise.... there's still heaps options that can be converted to top it up too.
4DS Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
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