The fact it was $1.2 million on March 31 is not a bad thing. They spent $14 million+ above their income in the March quarter. They've survived a month into this 1/4 on that $1.2 million indicating the cash burn is much slower, and haven't at this stage flagged a raise. If they've survived a month on that $1.2 million they're not far off cash flow neutral, with production rates on the improve.
Reaper.
The fact it was $1.2 million on March 31 is not a bad thing....
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