So if we are to believe what ole mate says on twitter, that still leaves a cash burn of over 1.1 million for 9 months or ytd just on corporate and admin.
That is a disgusting amount for any junior and will lead to another cr within the next 2 quarters.
More than likely next quarter imho. Unless they give the market something substantial via an asx announcement not just twitter, it will be harder to get cash for their corporate lifestyle.
Regards
DD
DD
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-28
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