Was really looking forward to them breaking even as per the previous announcement, however it seemed slightly unlikely now with March. They are really burning cash fast, just this quarter the staff cost is 2.7m. They need to find a way to reduce cost IMO.
They now have approximately 12m cash on hand (including the SPP). which would last them for roughly a year before going for another CR.
Ann: Appendix 4C - quarterly, page-10
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