Take a look at the terms of that $15m funding facility. THey will NEVER draw on the full 15mil because they are capped based on volume of shares traded. The stock has bugger all volume to satisfy this requirement.
The half year report is due mid march which will show company being in approximatrely $20-30m in debt
Also these recoveries are terrible - 73%?!?! Most processing plants do a minimum of 85%.
This is heading down to .001
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-13
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