Given WBTOA are well in the money we can expect 100% of the outstanding amount(ie approx 34.6m) to be exercised before expiry in Jan 2022.
This adds another 15.6m to our coffers which on current run rate extends our cash balances at least by another 4 quarters giving us a total of 9 quarters of cash available.
I would guess therefore that a CR would not be considered until the 2nd half of 2022 at the earliest if at all given we could have revenue coming on stream in 2023 before our current cash reserves are exhausted.
GLTAH DYOR
Given WBTOA are well in the money we can expect 100% of the...
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