Last quarter they spent $15,573,000 they still had $30,646,000 at the end of the September Quarter. They probably have circa $23,000,000 left which will run out around March.
Imo it is prudent to have funds prior to that and good preparation ( especially before Christmas) but not for the share price. I would not like to see a capital raising to close after Christmas.
My greatest hope is that the news flow in the next 30 days or so is very good to say the least.
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Mark Waller, MD
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