If you go back to ASX 23-1-20
" Vital signs key development and supply contracts " because of the pandemic none of these contracts can now be fulfilled on time and have been obviously postponed. Slide 24 gives an indication of the new expected development timelines so I assume new arrangements have been made with the various companies which has put them back another 6 months or so.
Meanwhile VML is doing 'precipitation testwork' "bulk testwork' ? ,which is a bit vague, until 'site establishment' commences in September.
Cash on hand is now $3.5 million (31-3-2020) so there will have to be a capital raising before actual cashflow will eventuate. ( I think he did mention in the presentation they were looking at some form of capital raising).
Obviously they've been thrown out, like everyone else by the pandemic, but I thought a verbal summary/explanation as to their actions in the current lockdown period and onwards could have accompanied the ASX Investor presentation. A lot of companies management have taken pay cuts.
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If you go back to ASX 23-1-20" Vital signs key development and...
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