Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

Did anyone listen to the conference call. I'm trying to reconcile the following statement with the quarterly cashflow


Burnt through a touch over $5m in the Dec quarter. Closer to $7m in a normal quarter without the R&D rebate. Saying they have 2.8 quarters of cash at that rate.

Can't see any fixed interest instruments or finance arrangements like EBR. R&D virtually nothing and smallish product manufacturing cost, so not a lot a lot to take out.

Would have to be some drastic cuts in expenses or a huge lift in sales.

Can anyone comment on how they have sufficient capital to get them through to Aug 2025 without a capital raising?

Thanks in advance