Fom the March 31 quarter:
Cash burn
Net cash usage for operating activities in the third quarter FY2023 was US$16.2 million; this represented a
4% increase (US$0.7 million) on the third quarter FY2022, and a 34% reduction (US$8.3 million) on the
third quarter FY2021.
Cash reserves
At March 31, 2023, cash-on-hand was US$48.8 million, pro-forma cash after adjusting for proceeds of
US$40.0 million raised in April private placement is US$88.8 million, with up to an additional US$40.0 million
available to be drawn down from existing financing facilities subject to achieving certain milestones
My guess they will need to raise $100M at the minimum.
Now the share price is below $0.5. If they were wiser they should have raised more money before PDUFA date when share price was over $1.
How much money MSB will need to raise till approval ?
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Last
$1.10 |
Change
0.010(0.92%) |
Mkt cap ! $1.255B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.12 | $1.07 | $1.706M | 1.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 58210 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 108093 | 16 |
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| MSB (ASX) Chart |