The company had $4.67M in the bank at the recent quarterly release.
The strategic placement added $3.1M
That gave the company a total of $7.77M in BANK - only briefly as long lead items have NOW been ordered.
The RAP payments are covered in FULL.Mobilisation and Land Clearing and Site Preparation work underway with DOZERS onsite.
Core focus should be that the Long Lead Items have been ORDERED now and will save 2-3 months on the build time on the PLANT.
And the company will still have substantial CASH in the Bank for other purposes to fast track site preparation work to enable a shorter build time : )
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- Ann: Placement to Fund Early Start Program
Ann: Placement to Fund Early Start Program, page-24
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