Interested to hear from holders on what possibility you see of CR before the approval decision. Given even in small risk downside scenario of not getting approved they will obviously keep pushing on for a few more months/years until they get approval somewhere so cash to fund this must be top of mind for directors.
I doubt they could take the risk of not doing so given current cash position. last qtr they they spent $2.5m, cash as at end Sept was $4.5m. At same burn rate by feb around decision time they will be down to their last mill or so? If they waited and have negtive outcome dilution effect post drop in share price would be massive.
From qtrly report "The cash position of the company is under constant review by the board and the board is considering its options to ensure cash resources are in place through to the commencement of sales"
TIS Price at posting:
28.0¢ Sentiment: Hold Disclosure: Not Held