Given the state of the iron ore market and this companies ambition to be a producer - they need to realistically reassess if moving forward with the current proposed spending of $5M per quarter whether it is worthwhile. The commissioning will need at least another $10m, over and above what they have and if they cant get it then STOP !!! put everything on hold and hang onto their existing $9,000,000 - shareholders need to know decisevily what is going to happen when they run out of money - a capital raising at these levels will be disasterous.
stop spending our money
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