With over $16m in the till as at 30 Dec 2010, I would have thought we have enough to last us through the Feasibility stage, where we would then get a cash injection via project offtake & financing late 2011. Maybe thats not the case and we need more cash beforehand?
Just seems odd to flag a standard cap raise in a preso which leads me to believe it may be of more significance, i.e. another strategic partner?
All IMHO only
Good luck to holders.
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