They have $2.6m in cash, another $6m coming up in Tranche 2 this coming week. I make that $8.6m whilst the acquisition cost is $5m + $500,000 worth of shares. That leaves $3.6m in my books. No CR coming as far as I can see.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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Mkt cap ! $82.87M | |||
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