Cash at end of quarter equallled $10.67m. Add on $6m cap raising equals $16.67m.
Assuming a cash burn as per last quarter of $3.3m then that gives us 5 months grace. And a lot can happen in that time.
Here's hoping they can fulfil some of their Annual Report promises. They did originally say their objective was to be a ASX200 company this year. But when pressed ( due to flooding ) they revised that to a ASX300 company.
That would be good enough for me.
BUL Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held