I think you are right.  They will have to do a cap raise.They...

I think you are right.  They will have to do a cap raise.

They have $2.5m cash 30 September 2018.  There is a  $2.0m Westpac bank facility but it is only "to allowfor short-term timing of cashflows"

Projected outflows for the next quarter are $11.6m and lets say cash receipts are $8.0m (were $7.8 in the previous qtr).  Thats a cash burn of $3.6m.and they only have $2.5m in cash.

I reckon a CR will happen soon.  If I was to punt I would say at around 17.5 cents