The company announced a 7c cr in mid December for $4.4mill, plus raised a further $1.5mill from the exercise of options. That's $6mill to be used for Perth based working capital which should be enough for 6 -7 months. They also received the first US$6.4mill tranche of US$10mill from the SWF to construct stage 1 with another US$3.6mill to follow. The company has enough funds for corporate costs the next 6 months and funds to progress construction to some extent beyond stage 1 giving them time to complete debt funding.
That's what we know. The rest is speculation.
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