Probably have 5-6 months up our sleeves before a CR Howe.
$2.1m cash + 750K R&D refund gives us $2.85m. Estimated qtly outflow is $1m so we have almost 3 qtrs before cash is needed.
The above timeframe ties nicely into the estimated 4 month battery testing period by collaborators 1 & 3 and the ongoing commercial negotiations. Plus, we should hopefully start receiving some revenue from the IMRA contract in the June qtr.
Cheers
Peekay
Probably have 5-6 months up our sleeves before a CR Howe. $2.1m...
Add ADO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.79M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 2.0¢ | $12.09K | 604.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1032452 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 143537 | 3 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| ADO (ASX) Chart |