They spent the majority of those funds on plant upgrades etc. They have $1.95M cash left and $1M loan facility. They have net debt of just shy of A$30M. Managed to pay $3.7M debt off but then borrow $4.3M. The loan and funds available look as though that they will not cover the next debt repayment and they have advised that they intend to do a capex to raise funds. Interest rates on their debt is astronomical! By my calculations, their interest only bill is around A$5.7M/yr or $475K a month.
