Hi All Been holding for 6 months 1st post. Unfortunately this is how I see cash at bank playing out. 4.2 mill at end of Dec plus 800k grant/tax refund. Cash at bank 5 mill. Burn rate at $550k per month X 3 months = 1.65mill end of March. That brings Cash at Bank to $3.35k. So by the time they report at end of April that’s another $550k gone = $2,800,000 Cash in bank at end of April. So recon a Cap raise soon IMO. Let’s hope it’s not cheap one at 4c to keep the lights on.
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Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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