RE: Interesting article24 May 2018 12:33
While a company is loss making however small the loss, then there is always the possibility of fund raising, even then fund raising done for a variety of reasons. Dont think anyone on here foresaw the last placing so you never know. However my own personal view is its something i will maybe start to consider at the end of the current calendar year if no new revenue news arrives.....
Last AVX upfront payment will now have been paid...so revenue is royalties and sales of Cap-xx products going forward.
Agreed these need increasing...sure they will but at what rate.
latest know financial position...
"Cash reserves at the end of December 2017 were A$1.5 million (2016: A$0.6 million). The cash reserves at the end of December 2017 exclude the R&D Tax rebate of A$1.6 million which was received in early February 2018"
So A$3.1M in the bank Feb 2018....as i said not on MY mind at the moment.