According to the Dec financials the company has $1.9m in current assets and $1.78m in liabilities. It means they had about $140k after liabilities. Now that was over 3 months ago. The MD salary alone with Super is approx $96k since then. Let alone other staff, office expenses, exploration, insurances and directors fees.
The companies track record is
1) it has lost $71.7 m of shareholders hard earned money - that has just vanished over the years
2) In the past year they have lost $13.5 m of share holders money
3) in the past year they were forced to take an impairment (loss) of $11.9m because of Pedirka. What actual Due Diligence was done on this project.
4) the companies share price has been in a sustained downward trend, with lower highs and lower lows.
So if the share price is 4.2c today, and given the track record, who will want to contribute to a capital raise and at what price?
