Share
473 Posts.
lightbulb Created with Sketch. 79
clock Created with Sketch. 28/02/23
23:54
Share
Originally posted by Khing:
↑
Graphene made a fair point, the cashburn is real (although not as high as that other guy claimed). He didn't mean NVX staff number should go down, he was referring to other companies there and as such in comparison our staff cost (or rather, individual salary) should come down. In all fairness, a large portion of salaries are paid in the form of option or rights which helps to reduce cash burn.
Expand
I just re-read the terms of the USD150m grant, which we have yet to receive, stated that we need to match the grant amount. Can someone familiar with this explain if this means we have to do a cap raise now to secure the grant funding?
(20min delay)