Ann: Lenders Update , page-55

They had 15 months to turn into a profitable operation, despite feasibility says it would've happened last year, they have yet made any improvements to that.

They had 8 months (minus rejecting a TO of $1.7) to find a cornerstone investor, they managed to find Blumont whom is the worst performer in the singporean stock exchange in 2013 (DML was the worse ASX300 in 2013). They are still trying to find one since blumont cannot afford the payment.

Not sure how much time they need, but they are out of capital pretty much about now. I hope for a TO but thats wishful thinking