Cash at end of September 2019 was $4.325m Plus r&d tax rebate of $1.674m received in November 2019 Plus payments of $750k received in October/November 2019 Less estimated outgoings of $3.970m
= $2.779m
Plus payments received in December 2019...
Cash at end of December 2019 will exceed $3.000m imo.
I dont think the situation is as dire as you suggest.
Prepayments will further delay capital requirements next quarter.
And if another CR is required i suspect it would be a small placement offered to Farjoy. I also believe Farjoy would happily participate.
NUH Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
(20min delay)