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something to muse over, page-37

  1. estseon
    1,655 Posts.
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    25/12/13
    04:55
    Post #: 12741025
    SLOGGER

    They had A$5.08m at 30/9. They raised a net A$9.82m in the quarter to 30/09/12. The burn over the 4 quarters was A$4.74m.

    Their cash burn for that quarter (30/09) was A$1.03m
    The burn for the qtr to 30/6 was A$1.23m
    The burn for the qtr to 31/3 was A$0.78m

    They really should not need to go to the market for at least another 6 months. Even at SBR's pace, that should give them time to get something out.

    Happy Christmas to all and may 2014 provide us with some proper value.
    SBR Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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