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Ann: Quarterly Activities Report and Appendix 5B, page-7

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Sweetsound

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31/01/20

13:06

Post #: 42671061
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Originally posted by Exised: ↑

Very much a possibility it is make it or break it on the March quarter. See p.11

Estimated cash outflows next quarter (march quarter) $34,450,000.

Only $50,537,000 left in the bank (after Dec quarter). $16,087,000 left for the June quarter is not enough for the expenses even if we assume that no development expenses of 9,300,000 is required for the June quarter...

Unless sales is a much better figure in March quarter. Roughly $18,363,000+ in receipts is required coming March so it can continue to operate in June quarter.

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Suddenly that 20c placement looks 20c too expensive. If they need more funds will they get any and at what further cost/dilution?

If they can't produce profitably, well you know. Another annus horribilis??

And yeah, very upsetting to see the slide.

HRR Price at posting: 8.3¢ Sentiment: Hold Disclosure: Not Held
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Ann: Quarterly Activities Report and Appendix 5B, page-7

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