Just expanding on this. Had time to update the excel sheet I was tracking the conversions with.
Cash in bank last quarterly: $1,953,000
Options converted & partly paid shares paid up this quarter: $5,220,765.10
Less conservative operating cash outgoings in the period: ($750,000)
Minimum cash balance at 30 June 2022: $6,423,765.10.
Bear in mind a further $6m effectively raised yet to be paid up. Currently at around a $24m EV with the projects they have is just silly.
Just expanding on this. Had time to update the excel sheet I was...
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