I have gone by what was in the current 4c Section 8.5 that is an official ASX announcement and that stated 0.6 quarters of funding. Any future funding via CR or Govt grants, revenue are in the future and some will be announced in the yearly. The timeline of this funding is not fully known nor is the cash burn leading up to that time and as we have seen with the recent Ferro settlement things come out of the blue.
So essentially based on semi's arithmetic there are approx 2 quarters of funding going forward, baring additional expenses not forecast?
Total funding available (4c) at March 31 is $1,618,000 lets not loose sight of how close to the wind they sail. I'd rather see a business that can operate under it's own steam and how many more times will they say "Please sir, I want some more?"
I have gone by what was in the current 4c Section 8.5 that is an...
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