cash critically low: cap raising soon, page-6

Looking at their cashflow statements there appears to be enough cash to last them another 12 months.

However, they are not going to run their reserves down to zero, so a cap. raising will likely arise within the next 6 months.

I personally would expect some more announcements around there phosphate and potash projects to come to market prior to a raising, but we'll see.

In any case, considering the low mkt. cap. and rate of spend an initial raising of ~$2 m could be quite adequate at this stage of their development and would not change the underlying value equation much, if at all.

Cheers
SBC