See bedger's posts for great summary points on the announcementI...

See bedger's posts for great summary points on the announcement

I was close with $105m cash call. Would of been $109.1m if you discard the non-OPEXs (78.5m + the 22.6m and 8.0m)

I am not an accountant and this sbasic math, the burn rate reduced by $2.1m per month compared to the last quarter, in my opinion and rough estimation only.

Is this a concern getting tight to squeeze last expenses down or on target still, no idea, seems UBS think so. Hopefully not too many more non-op cash movements next quarter eating into reserves + cash burn.

simple workings cash burn excl one-offs:
Q4 2022 reported 278m cash avail
Q1 FY23 reported 140.7m (add back in non-OPEXs 16.3+43.0+24.4+15.9) = 240.3m , 278-240.3 , 38/3 = 12.6m /mth burn
Q2 FY23 reported 78.5m (add back in non-OPEX 22.6 and 8.0m) = 109.1m , 140.7-109.1, 31.6/3 = 10.5m /mth burn

Correct me if I'm way off!

Be a few happy traders I suspect who bought in at 70c Fri/Mon, exiting on open. bank 30%'er crack a coldie tonight.