A potential upside runner, page-146

Looks like more funds to POS from Pershing is dependant on the success of selling existing shares they have received. Not sure how much is left they can use from the 4.1m mechanism , im guessing they have 700K left available.

From annual report 30-06-16

"Management forecasts demonstrate a need for additional funding and have put in place a mechanism to issue shares, via an intermediary, to professional and sophisticated investors on a quarterly basis to raise an estimated $4.1 million to maintain planned levels of expenditure for the coming 12 months. The Company will continue to review other sources of funding through this period including debt and/or equity instruments."

QUARTERLY REPORT 30 JUNE 2016

As at 30 June 2016, the Company had cash on hand of A$3.0 million. The Company has elected to settle the interest due to Jefferies LLC for the Convertible Note for the June quarter in cash rather than shares. To fund this interest payment, support the developing exploration work programme being undertaken on lithium at Lake Johnston, the completion of studies for Silver Swan and care and maintenance, the Company has continued to utilise the mechanism set up in September 2015 for selling shares to an intermediary. The exact quantum of funds received depends on the success of the intermediary in selling those shares. The issue of shares has raised $1.9 million.