Hello. Die hard holders need to keep in mind RDN does have cash in the bank.
I guess during the last quarter, RDN raised 398,590,984 less 57,588,665 x $0.015 = $5,115,035 from the options; plus they raised $9,400,000 from capital raising (after fees); plus had $5,044,000 in cash at 30/9/24. Total cash before spend = $19,559,035. Less net liabilities at 30/6/24 equals $18,948,525.
Possibly (who knows) they spent $2,848,525, at most $3,848,525, for the quarter (which many not yet be paid from cash). I guess RDN would have $15M to $16M in net cash at the moment. Market cap at $0.07 is $24M and at $0.08 is $28M.
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