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20M cash will come from GL1 if they achieve certain basic...

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ANTON707

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16/02/22

09:57

Post #: 59601321
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Originally posted by Danmac987: ↑

Hey Anton
not sure where the $20m cash is coming from. The 31st Dec transaction, and the quarterly cash flow report show cash consideration paid was only $6.5m. With a balance of $10.9m at 1st Jan, and a burn rate of ~$1.1m a month, probably only $9m left as of today, so running on fumes before end of Q3 2022.

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20M cash will come from GL1 if they achieve certain basic milestones at Manna. They are in TH right now so we may achieve the first milestone which by memory to be 10Mt Spod!!

BRB Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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