"Guys, Nick told me a few weeks back that he is very comfortable with cash and confident he won't have to go back to market for a capital raising"
Don't forget Nick also said any move to raise capital at the start of this year would be nothing like the rights issue in 2010......
Funnily enough it came through looking pretty much exactly like the rights issue just shareholders didn't get a peep into it.
Time will tell - but that presentation doesn't look much apart from backwards on previous guidance although the science looks great as always & cash i think i would have to agree with Andrew that unless someone pays up soon the call will be made $3M cib at end of last quarter put against quarterly cash burn and she'd be running close they have to make a move well before the well runs dry
> Cash sustainability by 2012/2014 ? ?
> 3 partnerships by end of 2012 ? ?
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PYC Price at posting:
5.7¢ Sentiment: None Disclosure: Held
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