Have a look at https://wcsecure.weblink.com.au/pdf/MEI/02801230.pdf
Under 5.5 Cash and cash equivalents at end ofquarter (March 31 2024) it shows we have $27,379,000 in the bank. It also shows $32,301,000 at the end of the previous quarter. So a quarter burn is $32,301,000 - $27,379,000 = $4,922,000. Thus at the same cash burn we will have 5.5 quarters ($27,379,000 / $4,922,000) before we run out of cash (this may be overstating things because we still have periodic payments of US$5M to the guys we bought Caldeira off).
Of course, Tunks & Co should have disposed of Palm Springs well before the cash runs out.
General discussion (MEI), page-4956
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