At the end of the September quarter, CU6 had $53m, and 5 quarters of reported cash remaining.
Assuming they’ve spent $13m in the December quarter, they’ll report $40m cash in a few weeks.
Fast forward to the March quarter report, they’ll have spent another $15m and report $25m cash.
The June quarter report will show they’ve spent another $10m, plus a $5m tax reimbursement gain, so they’ll report $20m cash, minimum.
So most likely CU6 will raise closer to July, than December.
Happy to hear the views of others around quarterly expenditure.
At the end of the September quarter, CU6 had $53m, and 5...
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