Hi @ad0, I agree there was $771k (at the end of June) + $250k convertible note. The annual report will show how much was owing on trade payables at the end of June which might offer some additional clues about cash evaporation during the Sep'23 quarter.
Considering the current economic climate, a CR (placement or entitlements issue) at the end of 2023 might encounter similar enthusiasm as last year's December CR where most investors decided to keep wallets & purses shut. I suspect ADG will need to initiate the next CR at least a couple of months before Christmas.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-23
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