8 Quarters assuming the secret "milestones" are met and discounting any reserves that the loan covenants may require.
If we strip out the unavailabe loans and probably two quarters of reserves then we're left with perhaps just 2 to 3 quarters of funds at current cash burn. Its going to be touch and go to get to September without a cap raise.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-52
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