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clock Created with Sketch. 02/11/19
08:51
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Originally posted by Thesi:
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Ok, thanks.It is envisaged that the Company’s current funding requirements will be met by a combination of sources including existing cash reserves, cashflow from Stage 1 operations and the proceeds of this Entitlement Offer. in August 2019 the Group successfully raise A$22.4 million via an equity placement Notwithstanding the position outlined above, if production and sales cannot be achieved at forecast levels, and the loan facility cannot be successfully refinanced by the due date, there is a material uncertainty as to whether the Group will be able to continue as a going concern and, therefore, whether it will realise its assets and extinguish its liabilities in the normal course of business at the amount stated in the financial statements. No adjustments have been made relating to the recoverability and classification of recorded asset amounts or to the amounts and classification of liabilities that might be necessary should the Group not continue as a going concern.”
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Listen to this podcast and wake up. Ep49 part 1 and 2 with Livent CEO Paul Graves. I suggest everyone here listen to both podcasts if you truly want to know the current Hydroxide market demand and the major issues future Brine production capacity presents(Very good for Hard rock industry).. He basically spills the beans whilst drinking cocktails in his own home with Joe Lowry.http://lithiumpodcast.com/
