But they say they won't need to cap raise. twice.Just snuck in...

But they say they won't need to cap raise. twice.
Just snuck in from getting a explanation on funding.

Look, the report was better than I've seen before but this might be the reason...

"Corporate governance: There was notable activity this quarter as AXP takes steps to improve
its performance in this important area to build confidence in the board’s decision-making. A
review of corporate policy and material improvements in internal reporting is well underway."

hmmm, some admission.
Taken a long time to learn hasn't it?

Guessing they can hit A$5m REV next Q, BUT they still have thin margins as can be seen by the just A$1m positive cashflow between NET REV and PRODUCTION costs alone.

Then, they are still paying off Colorado payables from CY19/20 and still have another final $585k to pay for TREY, in OCT
Corp and Admin are just way too high.

So the No CR is a pretty bold statement...given the cashflow report just out.

I imagine some of the louder zealots here expected cashflow positive already.