Disappointing given the last raising was completed to finish the DFS. Let's hope that the team can manage $9m over the course of the next six months and gets us to financing agreements/cornerstone investor with some cash so we have a fighting chance.
On another note, I think the price will rebound reasonably from $0.10. I have no doubt that good old Calibre Investments have manipulated the price down to get their SIs on board. If is wasn't such a pissy amount in the boarder scheme of things, it would be good to see ASIC look into their trading patterns over the last few weeks.
Let's hope a SPP follows so we can all top up another $15k.
Ann: TNG presents at NT Major Projects conference, page-24
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