"$227k est for this Q = $64 left in the kitty if they don't over run."
Don't forget that the Research and Development refund was received after this quarter, on Jan 3rd so it isn't shown in the cash on hand in your calculations. That gives management some wiggle room.
"CRL received a further £138,000 Research and Development refund from HMRC on 3 January 2019"
Gives them another $125,000 AUD.
Looks to me that in trying to sell Lochinvar, someone showed interest in taking a stake to fund development, but didn't want the whole thing alone? That seems fair enough, hardly a huge "change of plans" as someone mentioned above... any result at Lochinvar is what we are looking for here in the short term imo.
"$227k est for this Q = $64 left in the kitty if they don't over...
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Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 35 | 19420504 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 12496705 | 7 |
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