Something big is looming....
In addition, the Company is pleased to advise that it has taken up unsecured loans of $670,000 from directorsand other third-party groups to assist with the funding restructure of the Innamincka Dome project. TheCompany expects these loans to be fully repaid within 45 days with an interest rate of 10%pa.
Back of the napkin:
They had $91k at 31/12/2018
Capital Raise $340k ish
Repaying $670k within 45 days?? I smell a deal being worked for funding, hopefully in the form of a JV.
Ann: Company & ASX Waiver Update - Appendix 3B, page-2
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