nkwe happening, page-44

They can not raise money in suspension. The last "Q" they only had $388k in the bank. Still $3.5m on the loan draw down.

This is from the AGM.
Dec 3

The effect of Resolution 3 will be to allow the Directors to issue the Shares pursuant to the Share
Placement during the period of [3 months after the General Meeting] (or a longer period, if allowed by
ASX), without using the Company’s 15% annual placement capacity.

This puts the last day @ 3 March.

If ARM have dug their heeds in, NKP have no choice but to come out and raise money.