I'm interested in shareholders thoughts on the below and the...

  1. 140 Posts.
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    I'm interested in shareholders thoughts on the below and the recent announcement stating total sale proceeds of A$173m.

    Total sale proceeds of A$173m, doesn't align with the company having received the full $16m USD payment, given the A$156m already received in March. So either:
    (1) The so called FX adjustment accounts for the A$8m difference;
    (2) there was undisclosed closing costs of A$8m; or
    (3) the company isn't being transparent with other costs incurred.

    Whatever the truth, the company should be clear on the cause of the discrepancy. While I understand their desire to downplay everything and keep as much cash on hand for DNK mark 2, it would be nice if the company provided shareholders with the actual cash position, rather than the sale proceeds balance "before any FX adjustment", whatever that means.

    Fingers crossed when they release the 4C, the FX adjustment will have readjusted our sale proceeds back up to A$181m.

    https://hotcopper.com.au/data/attachments/5623/5623802-227b1104987c07f0b3291dd595a4da48.jpg
 
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