Looking at the appendix 5B figures again they claim to need 6.45ml for development costs in the next quarter. They have a remaining banking facility of 2.2ml and cash of 1.283ml so actually their shortfall is 6.45-(1.283+2.2)=2.97mlAUD. I would be inclined to drip feed cash in this company's direction from quarter to quarter given their proven propensity to end up feeding cash to that voracious JV partner.
I don't think we will get that option though.
more dilution..., page-10
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024