Hard to know whether the buying has resulted from the news of SPP commencing to offload their holding, because of the 4C, or something else.....
So looking at the 4C financials, we can work out crudely that - * Cash at 30 June is estimated to be, say $5.6mil, allowing for a similar revenue earn as this past quarter, * Quarterly cash burn should reduce to say, $1.8mil for the Sep quarter (maybe more due to increased R&D efforts...???)
Therefore, in the absence of increased revenues, we could be looking at passing the plate around again by Xmas, first Q 2020.....
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