Assuming the government grants/incentives is a one off, the the burn is around $450k a quarter. So two quarters of runway. Interestingly, TNT has been hovering around 2-3 quarters of cash reserve for quite a while now. There's no reason to think they can't keep doing this, but the risk is high. One misstep and the cards come down. I exhort them to close the Asta deal ASAP.
Assuming the government grants/incentives is a one off, the the...
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