Welcome @bertel01
Maybe you should look at this post and pay particular attention to the options exercised and funds raised in the 3 months to end of November
https://hotcopper.com.au/threads/ann-appendix-2a-exercise-of-options.5796229/page-6?post_id=49312387
Last I recall ADN has over $8m at bank and enough to fund its way through 2021
They are also receiving weekly offers for finance owing to the low CAPEX to get the project to production in early 2022
It is unlikely they will need to CR before first production unless the DFS, due in 3 months, calls for acceleration of some other revenue opportunities.
Good Luck
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