Ann: Widowmaker Investor Presentation , page-3

I think if they were going to raise cash it would be at much higher levels, seriously at $6.9m market cap, there is no value placed what so ever for their assets.

They even have 103.6mt of inferred jorc resource of magnetite. exploration target of between 0.7 - 1.3billion tonnes.

If you look at the bottom of page 10, it says that
STRATEGIC PARTNER INDENTIFICATION PROCESS UNDERWAY.

So it looks like there are other avenues to raise cash....

All in all it was a good presentation that will hopefully get the markets appreciation.