Here's my basic figures - please scrutinise and inform me of any errors:
From last financial update - end 3Q
$27.9m cash
$18.2m used in 9mths = $2.02m/mth
8mths cash = 8x2.02 = $16.16m
$27.9 -$16.2 = $11.7m left to use after 30/9 to keep new loan covenant.
$11.7m/$2.02m/mth = 5.79 mths => up till 24 Mar 2016.
