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3,640 Posts.
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06/08/13
17:26
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From the quarterly total forecast expenditure this quarter is $3.63M of which $1.6M is for Administration with total cash on hand ~$3M.
So unless there is significant change in margins and a significant profit occurs it is likely there will be another capital raising this quarter.
Does anyone have a breakdown of the $1.6M Administration for the 1/4 which is ~150K per week or 30K per business day if you like?
What a terrible quarterly and it appears Administration is milking this one.
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