Yes, but as at Dec 22 they very burning $2.4m per quarter. If costs are running the same then at the end or march the cash would be about $3.4m.
The Dec numbers included Government grants and tax incentives of $821k. Unless repeated then the burn rate would be nearer $3.1m for the March 1/4.
So the $10m raised plus $2.6 to $3.4m cash would be between $12.6 and 13.4m, and by the end of June about $9-10m. And burning thick end of $1m per month.
If the current SP is way too low then there are several million shares on offer at 1.1c, for those who share your view.
Best of luck.
Yes, but as at Dec 22 they very burning $2.4m per quarter. If...
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