CMR compass resources limited

anyone interested in, page-9

  1. 1,392 Posts.
    Capital raised from the latest sp is about 12 million plus
    ~3 million in over subscriptions. Total capital raising requirements before potential plant production in late 2006 is ~40 million. Therefore CMR will have/must raise an additional 25 million by early/mid next year to move forward either by way of another sp or a rights issue. I recall someone posting that it wouldn't be necessary to raise additional funds. It's an absolute must because there is no existing revenue stream other than interest from bank and i hardly think that will cover it.
 
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