Just looking at the cash position. According to the June quarterly report they had $8.0M at 31 March (and $7.15M at 30 April based on latest announcement) and $12.1M at 30 June. The net increase of $4M based on issuing $10M of shares and $6M of operating and investing costs. I have no idea what all the seismic and other costs are but assuming our costs stay at $6M per quarter, we are out of cash by the end of the year unless they can sign up someone or do another capital raising.
Any idea why we only burnt $1M in April compared with the average of $2M per month (given we are burning $6 per quarter) or is this the cost of seismic?
Just looking at the cash position. According to the June...
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5.3¢ |
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-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |