RE: Sentiment8 Jul 2019 00:45
@Canis
regarding the cash position before the recent placing....let me remind people of some of my posts dated may/june
"I agree, Cash burn should decrease after the extension trial is paid for, but the Nucant and Ureka teams still have to be paid until they find a way forward....The Map program has been "postponed" so that means the estimted cost of £1 million will be saved...
But saying that, the december 2018 cash situation was £4.9 million
Trade and other payables (913,907)
Leaves 4 mill
take away the Administrative expenses per month of £ 138367 for 5 months = 691 837
leaves £ 3.3 mill approx
Now we can substract the R&D costs for the 5 months gone by since dec 2018 to see what the current
cash position is like....remember that IMM are still paying for the extension trial + the Nucant team + the Ureka team
So please ....calculate ....
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RE: Good cash position24 May 2019 10:01
Shut Nolupus up for a while ?? Good cash position ??
Loss of £7.2 million for the year ..£.600K loss a month
Cash left ( december 2018 ) £4.9 million ...
If one is loosing 600k a month, i will let you calculate how many months (and not years) cash is left ..