Clearly a disappointing quarterly. They do not have the confidence to say anything about timelines despite clear shareholder interest. They are at this rate of spend likely to be behind budget. Generators not even ordered yet. Between 2- 3m a year on staff and admin costs.
I would say another cap raising is inevitable before there are any revenues. I wouldn’t be surprised if the directors help themselves at a cheap cost to more shares when this time comes. This might also help explain why they do not disclose information they know is of high interest to shareholders.
I wonder why a director has recently resigned.
BSR Price at posting:
1.6¢ Sentiment: Sell Disclosure: Held
