possibly because last time they knew they were going to burn 4-5m in each of the following 2q.
expected cash burn rate is now "1m per month or just under " "r and d rebate due 2H 24", "5-6m" "arena funding due jan" "robust mid term liquidity"
might they take a short term loan if rebate delayed and repay with rebate. maybe im too naive or optimisitc, trusting but i just dont think they would or should or will raise at least until afterl this phase of cdp testing is complete and declared succesful. especially after the recent comments they are funded through significant inflection points / milestones or however he worded it. we might even get some operaration specifics on purities, efficiencies, conversion rates , etc at this time.
anyway ive said enough about raises now, until tomorrow. ha.
HZR Price at posting:
40.0¢ Sentiment: None Disclosure: Held
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