Yep, IMO cash in the bank is the only thing holding us back at the moment. Once the Sep quarterly is released in Oct, we will be down to less then 2 quarters cash. As noted in the Annual report below, the short term plan is to receive the $2.7m R&D rebate before Xmas, which will get us through to Mar 2025.
Between now and then, we can hopefully announce a design freeze with EV1 and actually name the company. This is so crucial as not only should it push the share price up, it may be the final box to tick before receiving a decent Gov't grant. Failing this, another CR at a higher share price and coupled with a design freeze, can be undertaken and would be well supported IMO.
An nice announcement before Xmas from any of the companies on the right hand side of the diagram below, could also achieve the above outcome.
Its time to deliver!!!
ADO Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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