RE: Market6 Sep 2024 11:49
a very simplistic *** packet view is as follows:
we know at the end of march the company had 0 money and had used their a$1.5m credit facility.
also at the end of march they raised £2m in the placing = a$4m.
immediately a$1.5m of the placing money was used to pay back the credit facility, leaving a$2.5m.
at the end of june they have stated year end cash of a$2m. so they have spent a$500k in three months.
all things being equal (which they never are!) in theory the a$2m at year end will be enough for one year - not including the recent warrants or the upcoming refund.