i asked about the cash burn for the mk2 program in the last zoom. just got the usual answer about being funded for some significant milstones. tli think the 4c is deceiveing if you dont look at at non recurring costs and you dont account for incoming rebates. the last rebate for fy23 (3m) was announced 25/10/23. maybe we get that soon. i cant remember if he said arena grant in jan or r and d rebate in jan.
the 2.5 qrtrs cash ramaining in june was a high burn rate 5.1m. the 2.6 qrts remaining in sep included 1.2 non recurring
if we burn 2.5 this quarter and get 5m rebate. we are back to 11m cash.
they say raising cash is a bit of an artform..i think they will probably need it for the mk2 program. but with some adjustments i think the quarters remaining won't have dropped.. its refreshing to hold a stock at the moment with 0% shorting..
HZR Price at posting:
42.0¢ Sentiment: None Disclosure: Held
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