another placement coming?

With
$13M in the bank
loss before tax of $18M+
Net Cash provided by operating activities of -$20.98M i.e. losing cash
Net cash used in investing activities of -$5.859M,
a total cash burn of over $26M for the year

funded by increased borrowings of $10M in addition to new raisings of $23.975M.

Not been a good year for shareholders from what I can see, and is not shaping up to be another good year ahead!

Unless I am mistaken, they have got enough cash for less than 6 months but they may borrow more or raise more capital.


Good luck!