The company estimates it will use approx. $2mil in cash this quarter . With a cash balance of around $6mil , and at a burn rate of $2mil per quarter, the company will require another capital raising in approx 6months.
This assumes no revenue?
Any guesses how much it will seek to raise and when ?
When does the company expect to earn some revenue?
Ann: Appendix 4C - Qtrly Cashflow Report - Q1 FY2017, page-3
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