Absolute shambles.,.,,
Tanz bank has bailed.
Now need to raise a minimum of $16m to complete Lindi. AT 11c ! Already another $8m+ in debt there.
Oh and taking another $1m direct from a shareholder for working capital, whom will then be issued options at 25c.
Management … have not managed this situation well at all. Laughing stock now.
Ann: Rights Issue to Raise up to A$33.17 million, page-7
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