Net loss of $700'000 for the month (second in a row), allocated against a working capital borrowing facility. What I don't understand is why someone would lend the company money when the cash burn rate is as bad as I have ever seen (relative to the market capitalisation of a company).
That's a $1.5m loss in a mere two months. Does anybody have the slightest clue where it's all going?
Ann: Appendix 4C - monthly , page-2
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