Ann: Trading Halt, page-12

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$20 million @ $0.049 to further dilute this stock to >4800,000,000 shares.
And all for what:
feasibility study for a processing plant.
mineral exploration.
and
general working capital.

Of course the bank was always going to start to run dry, if you're not making money through sales, managements pay-packets have to be filled by someone.


Under the original failed JFMAG offtake Agreement this plant was supposed to be supplying them nameplate of 1100 tonnes per year 52% TREO CARBONATE
Lucky for them they never stumped up and lost their $10 million prepayment.


Nameplate and Cashflow positive sometime in 2019 it was said.

Now I guess the question that would be handy to have an answer to would be, is the CARBONATE plant just a Lemon? or can it actually achieve nameplate and above as to what NTU have said/suggested in the past.



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