Imminent capital raising, page-76

Mate we are all hurting.

I bought a big parcel at 14.5 cents preconsolidation so $1.45 today after sk deal came through.

yeah agree missed deadlines.
How is that podcast going.

Not sure if they could sack bell straight away he is gone now, he was terrible nervous public speaker I think he got ahead of himself.

had to settle with Asic you don't want to drag out while trying to get funding.

They have had bad timing with a number of things, covid, had offftake to early with sk, wars, inflation.

yes there should be more communication.
They apparently been in advanced funding discussions for years, and now looking for a equity sponsor. How close are we.

Market cap is $30 million we only had $3.9 million at end of last quarter, we're is that now.
If go under a million do doors shut.

The timing of the last capital raise was terrible, all markets collapsed a week after shareholder entitlement.
went from 14 cents to 8 cents before capital raise finished.

Was lucky to get retail $3.7 million.

They lost $3 million plus options another $9 million so way behind.

They either capital raise at 5 cents, get an equity sponsor, sell assets, or joint venture Sconi and all needs to happen quick.

Would have enough funds to end of year, surely would look bad if new ceo came in and within 3 months company ran out of money, unless he is retiring.

The board have the most to loose, ramsden and his side kick have a lot of shares.

Next two months is do or die.

Yes Auz market cap is terrible.

project and Pcam work is great.
Why no joint venture yet or are vultures circling to buy Sconi at a bargain.

Last ditch effort coming up can shareholders have a bit of luck they deserve