LKE 2.0, page-1751

IMHO

I understood that they expected a 40% reduction of the December 2023 Quarterly expenditure for Q1. And then a further 30% reduction on the Q1 cost for the follow on quarters.

Q4/23 Total relevant outgoings was $27.255M (8.3) below

The Don said that they had $31M at end of Q4/23. Post #:72961100 and (8.4) below

Say that the SPP raises 0, zilch, non.

Then they would have $31M + $15M -$1.4M(fee)

= $44.6M at the start of Q1/24.

How much liability do they have for golden parachutes, redundancies, leases payouts etc? Say $10M

Cash to Burn = $44.6M - $10M = $34.6M before insolvent. ??? Maybe less???

Cash @ Start Q2/24 = ( Cash to Burn) - (Q1/24 Outgoing)

= $34.6M - (0.6 x $27.255M)

= $18.247M

Number of quarters after Q1 = (Cash @ Start Q2/24)/ (Average expected Quarterly Outgoings)

= $18.247M/( $27.255M x 0.6 x 0.7)

= 1.6 Quarters after Q1

So they perhaps have enough cash for 2.6 quarters( Perhaps August 2024)

The SPP $5M might get them another 1/2 Quarter.

DYOR