Page 14 lists the funding timeline, they will have to raise very significant capital to get this to production, the 32M listed on page 7 will get burnt through quickly.
I just hope it's not another share offer, that has been done so many times now to keep the company afloat while they 'tread water', it dilutes the share value and should not happen again. They need to raise capital from funding organisations. Years ago they signed credit agreements with Noble and others, not sure if they have lapsed, its been so long.
Ann: Corporate Presentation, page-12
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