I'd be very surprsed if there was a CR any time soon.
They have some cash on hand, the report also says they are getting another $2m this financial year as an advanced payment, I assume there will be another climate grant from the fed govt at the start of next financial year.
Combine this with extra revenue from ramping up and they should have enough for the next couple of quarters.
However I agree the types of announcements we've had recently have in the past been followed by a trading halt for a CR, the report does say owever that they expext them to raise funds through debt with the equity raising further down the track(fopefully with a SP significantly higher).
Time will tell but some nice juicy non govt/defence contracts with small lead times would be nice.
JMO GLTA
I'd be very surprsed if there was a CR any time soon.They have...
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