Yeah, expenditure needs to be looked into as you say. The small cap raise, might limp them along for another 4-6months - so either, they are hoping for a signficant re-rate (at some point within that timeframe - to cr into); or they have an informal 'nod' that they will recieve a cash payment (or govt grant; sell off some assets, etc), within that same timeframe. Otherwise none of this makes sense.
LML Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)