Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

Yes,

cash burn low, that should put to bed talk of any capital raising.
I like how they have been able to attract industry figures to come and work for them, these guys would have taken a look at the cement business and seen something in it, so i see that as further industry validation.The big one of course is Permacast coming on board, they wouldnt be wasting their time and money if they did not see significant upside in this deal.
In an ideal world it would be nice to see some sort of consolidation of both companies, maybe a reverse takeover, could be a way for some of the Permacast original founders to monetise their investment,
first things first, lets see some traction on the Geopolymer side of the business, thats where the growth is going to come from.