Ann: Acquisition of Large Zambian Limestone Project, page-45

Hi all, interesting to see the sp trading below cash held... technically, SP should be around 1.2c based purely on cash held?

Seems the market is not very happy with the current acquisition. Is the acquisition set in stone? *no pun intended* or is there still a possibility the company could back-door list something else?

$3.15m in bank, $200-400k cash burnt per quarter (anyone have a more solid figure?), no debt.
- Aside from the recent announcement of the Limestone acquisition, this could have been a very good punt at these prices.