Does seem like they get the best of both worlds. As per last quarterly there was ~$15m in cash and burn was $5m (but notably $4m was for one-off construction costs with CDP and they expect to significantly reduce going forward). Hopefully once up and running we can leverage the CDP to get licensing deals (and possibly some upfront fees to buffer the cash balance). Seems like Glen and the team are very switched on when it comes to the capital usage.
Does seem like they get the best of both worlds. As per last...
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40.5¢ |
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Mkt cap ! $93.19M | |||
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