'The Directors believe that there are reasonable grounds to believe that the consolidated entity will be able to continue as a going concern, after consideration of the following factors:
(a) The Company is finalizing an equity capital raising via private placement and the directors reasonably expect to raise at least $10 million in the immediate future. In addition to the private placement, the directors have secured an additional equity funding facility of $10.8 million to be paid evenly over an 18 month period;'
So it appears that there is at least $20.8m more or less in the bag. Am thinking that there could be more (taking last week's fin review article into account) but we won't know the full details until Wednesday.
IDC Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held