not concerned about cap raise this year. Unless to fund large contracts. 31 Mar cash balance had about A$6m. Options funnelled another A$2.5m. So w cash burn for the quarter and I’m sure they had some cash receipts, we should be around $7-7.5m cash, that’s no bad. There’s another batch of options mainly held by SIBF and the investors who got in Dec 19 so that should bring few $$$ in as well so overall, looking very solid. I do agree that we need to see some commercial contracts signed soon to get us going!
not concerned about cap raise this year. Unless to fund large...
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