Bionomics cash crisis looms

Cash in the bank at the end of December was $27.335m
Debt outstanding at the end of December was $19.005m

Net cash at the end of December was $8.330m

Projected cash burn in March 2019 Quarter is $6.888m

Bottom line, they run out of money in June quarter 2019 or start borrowing to pay the bills.

You do the maths!

This company will sink below 10c very soon unless they actually find someone to buy or licence a legacy asset that to date has attracted zero interest.

You know what you need to do!

What a spectacular farewell Quarterly from DR - simply outstanding!