that $500k shortfall hasn’t been quantified, I expect it could be significantly greater than that though the company will need to fess up if they need to raise more cash in the near term which it appears they have telegraphed via the appendix 5b disclosure.
what about the $1m loan which is due in a couple of months ?
market is calling the latest release a disaster might be time to call a spade a spade …..
MEL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
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