Guys, think 8.8.2 is important as is the approx 400K raised. Reason being:
"The Company engaged Taurum International in November 2021 as corporate advisors to
source project funding for the Company’s Witwatersrand Basin Project. The Company has
received multiple funding proposals and continues to engage other parties as steps of the
funding process & strategy.
The Company continues to engage with institutional, professional & sophisticated investors
along with various existing shareholders with respect to providing funding for development
& general working capital requirements in the form of both debt / equity placements."
What this says to me is that the 400K was to tide them over while they finalise this funding proposal. The 75m mentioned in cashflow, I suspect, was merely to keep the regulators happy. Under the terms they can call on this easily so it is, in a sense, funds just sitting there.
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