The company recently advised $14.8M in the bank and an additional $9M to $14M anticipated after the General Meeting. That’s $23.8M to $28.8M.
Forecast spend for June quarter $5.81M.
Plenty of cash to tide them over whilst they seek alternative funding. They’ve indicated 3 months delay in the project so a good indicator of timeframe for securing funding.
Contact the company if you’re concerned.
