I no longer hold as sold out a few weeks ago as I was expecting a cr. In November 2023 they got $10.3m plus they carried forward around $3m from September quarter however by end of December quarter they only had around $8m this being 1.5 approx. quarters of funding. So rough figures means they are burning around $5m per quarter. So at end of March it would appear only around $3m cash on hand being less than one quarter of cash on hand. So they will need to raise more than $10m, however this will mean further cash required in very near future to meet the 2 quarters of cash on hand. If the raise is being done at .036 to raise $11m then over 300m shares will need to be issued.
NWC Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
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