31st March:......................................... Cash=$3.143 million (see Mar Qtr report)
Forecast cash burn June Qtr.........................$1.747 million (see Mar Qtr report)
Water rectification May.........................say..$400K (guesstimate)
Likely cash by 30th June...............................$996K (guesstimate)
With end of fin. year expenses due early July, MUS will need cash before the June Qtr report (IMO) due
late July, so there should be a series of good news announcements in the interim to support the SP , again IMO.
Perhaps those who have "researched" the stock better than I have could offer an opinion on how much cash MUS will need to see it through to October's auction revenue ?
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