Ann: Institutional Placement Raises $5.2 Million, page-186

As at 30/06/20 AUZ's cash flow position was:

Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) (938)
8.2 (Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(281)
8.3 Total relevant outgoings (item 8.1 + item 8.2) (1,219)
8.4 Cash and cash equivalents at quarter end (item 4.6) 3,242
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 3,242

I don't know what the hype is so high. $3.2m as at 30/06/20 is "peanuts" compared to the costs AUZ will have to go through to meet various costs with an Off-take and costs which will immedietely follow moving forward - until financing has been arranged and funds start flowing in (this can take months though). To start production most financing costs/fees will need to be met by AUZ's own cash resources and, raising a quick $5.2m is a smart move.
AUZ is about to leap into a mega project and cannot dare to walk on to the podium with next to no $'s in its pocket.

I think good things are just around the corner......be +ve