Q2 - stripping out the cap raising and Einasleigh, KZL spent $30m more than they received in income.
Q3 - based on your spreadsheet, they are spending another $15m in the qtr more than they are receiving in income. (Even if we assume the other $10m in savings, the numbers are suggesting that they are still $5m in the red.)
If this is correct, then would it be fair to say that they are borrowing money for recurrent operations?
HT1
KZL Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
