Tex , only $16m at 30th June in coffers and burning about $400k per month on Admin and Dev costs......
At this rate the Co would be broke by end Oct so a raising is essential ...... although I doubt it will be well supported .... even at the rumoured 2p placement price!
Aweful timing but the Co has 'Hobsons Choice' here ...imo
SALTY
dilution, page-2
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