On checking the QR for the end of March (issued late April) it indicated there that there was cash on hand of $ 605 k which meant they could cover their activities for 1.14 quarters.. Now most of that full quarter has now passed so a CR is definitely needed to keep the lights on as that $605 k cash must be well eaten into by this stage. If the new management is going to make any traction on its plans then the current CR has to be successful. They have laid the foundation for success in getting sophisticated investors to come to the party but the hard yards are ahead. If they can get about $2 million then that will enable some good progress to be made with some of their plans. Here's hoping shareholders are prepared to give them the opportunity.
JAV Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
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