Ann: Magnis Secures $11.1M Investment, page-18

Remember that MNS still owes C4V another USD 3m for their 10% stake, so we are down to ~AUD7m of this cash injection.

Given their cash burn rate is AUD1.5m per quarter (this is just to pay mgmt and consultants = Frank), you have another 4 quarters even if you don't spend anything on IM3 (NY/Townswille/Timbuktu).

They are going to need a multiple of this to build anything of substance, so here's hoping that AL Capital will bangs some heads on the board and get them to focus on the money = graphite!