Nothing new in the AGM today. The stand out for me is the cash situation. For the latest quarter they had a cash outflow of $2.2 m leaving a balance of $3.1 m. They will get some relief this quarter with a possible $1.2 m R & D grant. However, the cash position was barely mentioned.
Im confident this will improve but they need to be looking for someone to loan them money. That would be preferred over a very dilutional cash raise at these prices.
IHR Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
