Quick take, cash balance higher than I was expecting however...

Quick take, cash balance higher than I was expecting however this is because of sales of investments (2.2d) - does anyone know what this was? It's a non-recurring cash injection of $14.7M for the quarter so on a go-forward basis you have to strip that out.

Were it not for that injection their cash balance would have fallen to $76M as follows:




I raised this last quarter, but I also think they're being cute with reporting their quarters of funding. They include the $193M of funding they technically have under the dreadful Acuity Capital agreement, but this is an ATM facility where shares have to be issued at a discount for cash, there's no way they could access all that money in one hit (or anything close to it) yet they lump the whole amount in so it makes them look like they have 14.6 quarters of funding left. In reality, it's more like just over a year.



Otherwise, main metric is the fact they're still losing A$600ish on every dmt sold. Not dead yet though!