Section 8 of the Cash Flow Report is taking the piss claiming 45 quarters of funding.
It is based on this only this Quarter's burn rate -$133k divided into the Cash on hand of $5m.
Without the R&D rebate of $4.1m the burn rate for Q2 was actually $4.285 and is -$6.7m across the half year. So an average burn rate of about $3.3mpq.
So in reality, less than 2 quarters funding in the tin unless someone else is going to fund the R&D.
Here for a punt and already underwater
cheer me up
Section 8 of the Cash Flow Report is taking the piss claiming 45...
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