Still does not overcome the massive problem of having a large negative Net Current Assets as at 31/12, and that was after the placement and share purchase plan. That problem is not going to be overcome in the short term, unless you seem sales of multiples of the current levels.
Also noted that they now have a negative NTA.
Share price looking very precarious. Possible to be sub 3c today. If that occurs then it is a very slippery slide.
TIMBER!!, page-54
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