... they have just enough cash (but might fall just short) for...

... they have just enough cash (but might fall just short) for the calendar year of 2023 but that's it ($24.3m cash vs burn rate of $12m ish per 6 months, possibly higher in future) ...therefore, they have about 4-6 months to solve the cash burn issue, and there's various means to do that ...... buuuuuuut ... they will likely find it harder and harder (think more expensive to shareholders) to continue to raise the funds, especially in the current macro environment and after last CR .... uinless there is some kind of scientific breakthrough (or a sale) ... time will tell !

Even the auditor isn't all that confident here:

We draw attention to Note 14(i) in the financial report, which indicates that the Group incurred a net loss of$12,552,283 and had cash outflows from operating activities of $12,036,665 for the half-year ended31 December 2022. As stated in Note 14(i), these events or conditions, along with other matters as set forth in Note 14(i), indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our conclusion is not modified in respect of this matter.