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Ann: Quarterly Activities Report and Appendix 4C - September 2018, page-7

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    Taking a good read of the report, I have taken a shot at predicting 19Q2.  They have made life obviously easier by stating intended costs and the R&D rebate which is a given as they stated they have received it.  Given I would expect much of the last qtrs revenue to be paid thsi qtr and Dec qtr is the strongest, I do not see why receipts would not be ~1.2m. Hoping closer to 1.25m.  This could slow cash burn to ~400k for next qtr.  

    Very much like the announcement of pac partners as the lead broker.

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