I never take the Estimated quarters of funding available seriously.
Part of the problem is the ASX form states that companies derive the number by taking Item 8.4 divided by Item 8.1. What companies have net cash from operations producing exactly the same result quarter on quarter - NONE. So the ASX form should seek a more accurate estimate from the company rather than being formulaic.
The answer submitted by PET was wrong anyway... (621) / 10,305 = MINUS 16.6 quarters... thats probably an ASX issue though, as the formula should be: IF Item 8.4 < 0 then taking Item 8.4 divided by (Item 8.1). IF Item 8.4 >=0 then add Item 8.4 to Item 8.1 then divide by Item 8.4.
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I never take the Estimated quarters of funding available...
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