the 4c says theyve burnt over $3m in each of the first 2 quarters this year
so whatever the one-offs are, I am inclined to think $3m per quarter is the going rate.
They have $7m cash at bank - ie it get them to January - and they dont expect their study findings until that quarter.
Please enlighten me as to where you see the disconnect.
I like the story. Be pleased to be shown I'm wrong.
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