I agree zmans. As at 30 June they had $3.6M which was assumed to be 1.7 Qtr of cash requirement. On 8 July they completed an at market raise of another $2.7M. I assume they will be due circa $1M in R&D tax credit by November. In total enough for another 1.7Qtr. Just under three and a half quarters of cash on hand or arriving soon as at 30 June. Assuming no significant incoming sales of changein expenditure I assume the company may attempt another capital raise aroundJan 25.
I agree zmans. As at 30 June they had $3.6M which was assumed to...
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