Do you not listen to the earnings call or review Q2 report?
For starters ... it isn't "cash burn" as you are liking to call it. It is Capital spent on investing activities. I mean if a company had $10M cash (current assets on balance sheet) and bought a piece of land for $10M (long term or fixed assets on the balance sheet) is that cash being burned - NO - it is capital being invested in the business.
So look first to the cash waterfall ... what do you see?
I see $3M spent on Capex for what would be CLP
and
$8M spent on Investments & Advances to Affilites (being $5M to SYQ for NAL and $3M to Atlantic for Ewoyaa)
And then as far as your statement
"the outlook for second half of this calendar year has the cash burn expected to be at least as bad"
THAT IS AN OUTRIGHT LIE (or English is your second language)
First half $23M
Second half estimate is $10M - $13M ....so $11.5 at the midpoint which basic arithmetic says is half of what was spent in first half
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