$33.7m at end of December.+$11.7 received from 2023 R&D.+$20m...

  1. 4,470 Posts.
    lightbulb Created with Sketch. 4594
    $33.7m at end of December.
    https://hotcopper.com.au/data/attachments/6872/6872301-6ccda05296d7abc6ab8271019fa492b9.jpg


    +$11.7 received from 2023 R&D.

    https://hotcopper.com.au/data/attachments/6872/6872307-54eb583f9318d3fc9cdcc026d198887d.jpg


    +$20m received from Susquehanna.

    https://hotcopper.com.au/data/attachments/6872/6872311-97d1f2b0132d567b833c4851eb165be9.jpg

    = ~$65m excluding spend during quarter.

    Assume similar cash burn to Q2 (~$17m) = ~$48m

    2024 R&D forecast = + <$5m.

    https://hotcopper.com.au/data/attachments/6872/6872316-113c8bbec93b2c9ce9ca1ee78d6b1b29.jpg

    So IMU currently sitting on ~$53m - which is around 3 additional quarters of funding at current burn rate (i.e. through till Christmas).

    No chance of Susquehanna exercising warrants at this rate... Which means another Cap raise within 6 months.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.3¢
Change
0.001(4.17%)
Mkt cap ! $93.33M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $19.11K 1.584M

Buyers (Bids)

No. Vol. Price($)
46 9243648 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 13742040 36
View Market Depth
Last trade - 10.51am 25/06/2025 (20 minute delay) ?
IMU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.