BGT 17.8% 5.3¢ bio-gene technology ltd

More support is certainly always welcome, and judging by this...

  1. 173 Posts.
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    More support is certainly always welcome, and judging by this commentary in the last quarterly, we may have a line on some non-dilutive funding: “Due to the healthy cash position as well as continuing discussions from potential sources of non-dilutive funding the Company has decided to not place the balance of the SPP shortfall at this stage and focus on continuing to develop partnerships in key market segments.”

    They may not be referring to govt grants there but any help would be welcome.

    Regardless of the above panning out, we already have some support from the govt:

    “The four- way collaboration involves Bio-Gene, BASF, Grains Research and Development Corporation (GRDC), and Department of Agriculture and Fisheries, Queensland Government (DAF).”

    And from the recent annual report: “In addition, Bio-Gene secured non-dilutive funding from government sources of nearly $1 million. Pleasingly this amount included the proceeds of the settlement with AusIndustry in respect of the R&D Incentive claim relating to the three years ending 30 June 2019 which resulted in additional refunds totalling $359,140.”

    Cheers
 
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