Cash at end of Quarter 31/3/2013( your out by a month spruik) is $2,710,000 out of that $2,295,000 was proceeds from issues of shares. The important part is cash burn which was $1,420,000 for that quarter... = $1,290,000 left from the 31/3/2013.
Going by the cash burn of the previous quarter there would be almost nothing left adding the cost of the 5ton thingamajib.
Let see what the board can pull out of the hat!! if not another finance riasing (and share dilution) and a heavy price to pay for shareholders.
BLR Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
