A lot depends on which quarter’s burn you do your maths on.
The average is 1.1mil per quarter
There was a big quarter back in March I think but that included the 1mil cash payment to settle the court stuff.
Plus we get circa 600k at the end of the financial year from govt R&D scheme so I’m sticking to still having 6 months leeway which would leave a similar amount left over and an imminent CR then.
Mind you it could easily happen earlier if DW decides to get proactive after some good results. Either way I’m tipping it to be the last raise for some time to come
Ann: 2023 AGM Recording, page-44
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