These are important questions to ask.
I believe from my research that they were pending a material update of operations at the Woods Point gold project.
Their quarterly report for 31st December 2022 has been announced.
Major investors have put in AUD$1.74M in the past 2 weeks.
From their operations report and calculations, they are not insolvent in my opinon.
Also on a positive note, almost all of the options that were outstanding are canceled.
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