US $25mill debt facility offered by cornerstone investors. That would leave around US$15million.
Hopefully the April 15c options are well in the money before end of April. Plenty of news flow to get us there. That would raise up to A$9.9 million or US$6.8 million.
Expected "significant" capital savings flagged and currently being calculated. Don't know yet if there will be any balance remaining after that but might not be much. Depends on how significant the capital savings are and how many options are exercised.
I'm hopeful the capital savings are at least $8 million and most options are exercised. That would cover it. If not, might need another $5mill or thereabouts cr later in the year. Hopefully when the sp is 20c plus.
Importantly, they won't need any extra to cover working capital as that was included in the balance required.
Plenty of cash on hand for now.
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