A 6m sell and a 2.8m sell order came in and were removed pretty quickly.
Yes, games being played. But, the clear intention seems to be to sell a line of stock. It is apparent that there is selling into 2.7c bit by bit. This is a sure signal that there is momentum to the sell side.
Re the question on cash burn: estimated net cash outflow next quarter is $1.905m leaving circa $3.9m net in the coffers. We have the SKI letter expected to land any day now that will no doubt require additional external legal/ financing input from our side. By early next year we will need to have net cash available to continue to deliver our side of the equation and that will require a hell of a lot more than $3.9m.
AUZ Price at posting:
2.7¢ Sentiment: None Disclosure: Held
