The company had $3.5m in the bank at 30 September 2019. The company lost a year whilst the IER was awaited but was not idle in that period as outlined in its quarterly report up to 30 September and has put out several reports since that date on its web site, worth a read. The next quarterly will be up to 31st December and probably issued in February 2020. Being a long term holder like you, I will wait until the company works through its time table. Updates on the Cobalt market and indeed the battery market in general and how the batteries are applied throughout the world shape the progress of the company. There will no doubt be the need for capital whether it will be raised as equity issues or debt will depend on the finance market and the appetite of existing and new stakeholders. Perhaps a mix of debt and equity will be the play. LG and other large companies looking on for a dependable supply of cobalt will pitch in, we just need to wait and see and follow the directors deliberations.
Cheers
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