if as you say the circa $5M in R&D grants happens this quarter, then at end Sept $27M cash plus $5M = $32M less quarterly cash burn $9M = $23M cash in the bank at the end of Dec 23 quarter, which should easily see them through to end of Mar24 quarter.
by that time / end March 24 am expecting :
- Tumas mining licence to have been granted
- resource bank due diligence to be completed on Tumas
- uranium contract floor price to be significantly higher
- significant resource upgrade for Mulga Rock to have been announced
- DYL to be getting a market re-rating higher
perfect backdrop to be doing the capital raising to cover both capex requirements for Tumas and ongoing working capital requirements
THE SQUEEZE IS ON, page-678
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Last
$1.21 |
Change
0.050(4.33%) |
Mkt cap ! $1.167B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.22 | $1.14 | $6.363M | 5.318M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62763 | $1.21 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 7618 | 1 |
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| DYL (ASX) Chart |