Wow! $1.5m a quarter this is sooo much worse than I thought!
I assumed that the last quarter spend of $1.1m and the confirmation in the response to the asx that they would continue to spend this amount for the next two quarters that this would be accruate. But $1.5m a month, if this is what you expect I'd sell now
And they have committed to the ASX that a capital raise will be completed?? Really, can they say that? Or are they flagging that they intend to do a capital raise
Ann: Response to ASX Query, page-11
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