Interesting one from the Directors' Report (Page 29 and 30 - in document reference, Page 32 and 33 of PDF):
Liquidity and capital resources
The Group’s principal source of liquidity as at 31 December 2016 is cash and cash equivalents of $1,338,668 (2015: $32,076).
Funding for 2017 is expected from a combination of existing and new Research and development grants, further capital
raisings, potential conversion of options and proceeds from the sale of interests in existing projects.
Likely developments and expected results
In 2017 the Group intends to continue to progress its mineral projects in Argentina and Peru via JV arrangements or via the sale of its interests in the projects. The Group will also continue to look for other opportunities that will create value for its shareholders.
It would be great if they could generate some cash from there existing interests that they are not actively pursuing, in lieu of a Capital Raising.
Highly undervalued, page-2221
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Mkt cap ! $433.9M | |||
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