Cash at beginning of qtr = $9.047M
Cash At end of qtr = $5.67M
So another $3.377M torched, or $13.5M annualised.
$5.6M left in the bank, with no signs that cash burn will diminish.
At that rate, will have $2.3M in the bank by end of 2023. So raising funds in Q1 2024.
Needs a pump, pronto
Ann: Quarterly Activities Report September 2023, page-2
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