PPY 0.00% 1.3¢ papyrus australia limited

I quickly looked at the cash position and was surprised they...

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  1. 102 Posts.
    I quickly looked at the cash position and was surprised they reported over $500k in cash.

    When one looks closer much of that came from R&D tax refund ($364k) and SAIF ($42k), capital raising (about $300k) & RECEIPTS FROM CUSTOMERS OF $2K!!

    At current cash burn this seems to give them a few more months on life support.

    As told in the newsletter it is pleasing to see all the activity traveling & finding new partners and hosting visitors to the (non producing) Walkerman facility.

    Till the next qtrly report.

    Don't hold your breath!
 
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