So $76.8 million cash on hand.
But they need to keep no less than $35 million on hand in the account because of lending terms … so only $40 million they are able to spend.
They have cut spending to the bone though. I’d say trying to delay the cap raise for a bit and hope the general bio market sell off reverses and the SP raises to something like $1.40 so as not to dilute the existing shareholder wealth.
Going to be tight.
So $76.8 million cash on hand. But they need to keep no less...
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$1.00 |
Change
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Mkt cap ! $1.136B | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.04 | 99.0¢ | $3.691M | 3.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 72054 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 64597 | 47 |
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| MSB (ASX) Chart |