Ann: Carbon Capture from Halloysite-Derived Nanomaterials, page-104

T=========================From half yearly report =========================


this cash flow forecast indicates that the Group’s current cash resources will not be sufficient
to fund the Group’s operations, inclusive of currently uncommitted expenditure noted in the
previous paragraph, without additional funding being raised from December 2021.
The Group will be required to secure additional funding of at least $4.1 million from December
2021 for the Group to proceed with the planned commencement of mining development
activities for the Great White Kaolin Project through to 31 March 2022, assuming that the Joint
Venture approves these activities and related expenditures in line with the timetable budgeted
by the Group to achieve its strategic plan.
The Directors are satisfied that they will achieve the matters set out above and therefore the
going concern basis of preparation is appropriate. However, should the required funding not
be raised, the Group would be required to delay the commencement of mining development at
the Great White Kaolin Project.
Should the Group be unable to successfully secure the above additional funding, or delay its
currently envisaged commencement of mining development at the Great White Kaolin Project,
there is a material uncertainty that may cast significant doubt as to whether the Group will
continue as a going concern and, therefore, whether it will realise its assets and extinguish its
liabilities in the normal course of business.
The interim financial statements do not include any adjustments relating to the recoverability
and classification of recorded asset amounts and the amount and classification of liabilities
that might be necessary should the Group not continue as a going concern.

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Is there a new issue ( institutional placement) coming soon ; I suspect todays announcement is feathering the nest. Institutions have not leapt at this today when they may well l be able to buy in at a discount to the share price.. .

Fair Value Estimate 0.256
New issue price <0.20?

.I would like to buy in but do not want to be diluted when it is apparent they need capex and working capital to realise the perceived potential of the asset. With capital behind them and a few more LOI converted this could go well and achieve the directors goal of returns to shareholders. This will have a big upside if the CO₂ capture is commercially viable and viable solution is found for the reclamation/ recycling of the nano material..
In the meantime I will monitor both the share price / volume and company releases before becoming a shareholder.