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Ann: Elixir adds new Taroom Acreage, page-20

  1. 677 Posts.
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    Can you please point me to the information from which you deduct that a CR is around the corner?

    The latest information I have with regards to their cash position is from the last quarterly, which states that the DD-2 Program is fuly funded with current cash equivalent of $11.9M.

    So let's say we're burning through another $5M this quarter (which I doubt we did, considering the program was suspended), we still have $6M left in the bank.

    Yes of course there will be a point where we will need to raise (unless October / November sees Grandis with a Farmin partner), but I wouldn't say it is "around the corner". It's probably in "a month or so".

    https://hotcopper.com.au/data/attachments/6259/6259135-a9f2e0b3f79564fdbe12bf24a7e8785a.jpg





    Last edited by BasVermeulen: 20/06/24
 
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