Hi All,
It looks like these guys are getting low on money. My broker told me their latest asx cash report shows they have just over $1.5m left and spent $1.2m last quarter. If they run at the same level of spending this quarter they will have hardly any left! The management appear to be paying themselves pretty well, $426k for the quarter alone apparently.
Will continue to sit on the sidelines I think!
Anyone out there following this one?
Bob
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