your right I misread the half yearly, they still had 27mil cash but spend I quoted was for half year not quarter. They showed 7mil income from tax rebate and spent about 4mil thus reason for last quarter balance of 30 cash and cash equivalents. Likely have accrued expenses from trials and possible severance for staff downsized. Hope expenses are less than 4mil but if not starting balance of 26mil AUD remains light for cost of Phase 3 program which was my original point.
your right I misread the half yearly, they still had 27mil cash...
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