So following on from the above, where do people think we are now...

So following on from the above, where do people think we are now at with cash levels?

$1.06m (Sep 30)….less $0.86m (Q4 forecast expenditure)...plus $0.25m (outstanding EGM funds)
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estimate: $450k as at 31 Dec + US$70k ($100k AUD - Jan 3) = $550k (start Jan)
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Assuming expenditure is at the same pro-rata rate as forecast for Q4 - that is (860/3), or approx. $290k per month - then from here, ~3 weeks into Jan, we'd have ~5 weeks of cash left. Given the lead time to run a capital raise to the public is generally not short, are we staring at another sophisticated placement? Or praying for a strategic partner?

The last placement raised just $1.25m - including 20% of it released later after voting - that total is potentially only 1.5 quarters of runway in itself, or roughly mid-year. Do we think that's long enough to develop our products and secure a 'real' contract?

Keen to hear others realistic (and impartial) thoughts