Yeah but at least they raised that $20m in May plus the SPP. So they are sitting on $40m with a burn rate of $3mpq - about 3.5 years of cash.
They are in the minority. I try to keep track of the burn rates of around 100 bios. I'm about 1/4 of the way through for this quarter. IPD is a standout. Many others are under a year of cash or rising already.
At least here you will live to fight again.
Good luck as always.
Ann: Appendix 4C & Quarterly Activities Report - Sep-23 Qtr, page-66
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Last
8.9¢ |
Change
0.001(1.14%) |
Mkt cap ! $180.0M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.7¢ | $117.6K | 1.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 92483 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
9.0¢ |
Change
0.001 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| 9.0¢ | 9.0¢ | 8.7¢ | 340630 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| IPD (ASX) Chart |