phase 1 of cadlao (extended drill) will require ~20M. the combined entity has $13M in the bank at present, so i'd suspect $10M by end of year, or half of their requirement to execute cadlao phase 1.
they seem to be omitting where this 10m will come from, and if they can't get forward sales it will be coming from us
phase 1 of cadlao (extended drill) will require ~20M. the...
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