This year is the year of reckoning. The promise and blue sky...

This year is the year of reckoning. The promise and blue sky needs to really come home to roost. With a current $0.7m quarterly cash burn and $3.3m in the bank they have around one year to turn the ship around. They also appear to have no bank borrowing facilities at this time. There have been quite a few general announcements of late and it does make me think that they are setting the scene for a cap raise - they probably have no choice. It would not be prudent to wait until their backs are against the wall to then consider a cap raise. Maybe a significant trading uplift will save our day, but can they afford to wait and bet on that.