Ann: Q3 Quarterly Activities Report, page-6

Howdy.
I like what I see, but I haven’t taken a position …. yet.

I have a couple of lingering concerns :

i) lack of liquidity.
ii) playing “chicken” with cash, needing constant top ups to working capital waiting for either funding from US Gov or a few quarters of positive cash flow to bolster the balance sheet.
iii) a lingering concern that the ASX is the wrong exchange, and at some point they will move to a US listing and de-list from the ASX.

Everything else, management, product, improving margin, market potential etc looks good.
So they remain in my “top 5 prospects”. I’m not sure what trigger will move me to “buy”.

All IMO