Absolutely guaranteed MC.
Company had $4.7 ml in cash and Long Term Borrowings of $4.8 ml to 31/12/17 and in their last Quarterly Report they estimated expenditure of about $8 ml for this March Quarter. An imminent CR is the only way the Company can continue trading because of all the recent contract wins very little net cash surplus will be received/banked in the short to medium term.
I would love to see a monthly Cash Flow Forecast (month by month to 12 months out at all times)
of all their estimated (best guess) cash inflows and outflows from all activities including loan repayments and drawdowns, grants, tax refunds etc. That would give us a clear picture of their cash needs .
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