Ann: Appendix 4C - quarterly, page-2

Cash burn still being reasonably well contained. Sufficient cash reserves for another two quarters at similar level of spend. Directors have an annual balance date sign off at end of December so we should expect some form of liquidity event before end of March if the directors wish to avoid a going concern qualification.
No evidence if increase in spend on the "Components meeting required specifications" during the quarter as per the subsequent events note in six monthly financials. It is possible a % of the R&D spend of $521k was on these components? I read the SEN as meaning these components were for production of end products rather than future financial committment to R & D as the R & D expenditure would not normally trigger requirement for such a note. The note suggests spend outside the past norm for the business and would make a significant depletion in available cash if required.
Hopefully we are getting close to some new announcements to bring shareholders up to date.