Thanh you for your comment OT.
I would not dispute the proposal, that a reduction in operating costs results with an increase in production, but as I said earlier, a small change in operating costs will not have a significant impact on the overall costs. IMO.
And as I said, if Item 8.3 continues at about $26 million, per quarter, you're in cash burn to the tune of $13 million per quarter.
How much do you estimate 8.3 to be?
On my calculations, to have an increase in cash position, you are punting on outgoings being about $13 million or less per quarter. I hope you are right.
The next 5B will be a good indicator.
And limiting dilution does not necessarily mean no CR.
Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-270
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