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06/07/06
13:38
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Cass73,
The last cash flow report to the end of March showed a cash balance of appx. $1.8m after deducting $528k in security deposits.
Negative operating cash flow for the March quarter was only $219k or $516k if you exclude the R&D tax offset.
So the company should be able to continue for at least 9 months without raising any further cash.
This is assuming the cash outflows remain stable & there is no income.
Do you see any particular reason for a capital raising such as new plant & equipment?
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