libart - yes of course the report concerned me but remember they...

libart - yes of course the report concerned me but remember they are auditors not brokers or the like

this means they see a 27 mill loss, a reasonably high level of debt and only 2 mill left in the bank - they then get on their calculators and plug in the numbers again and again and have to report that if this happens again they will be broke.

but, they dont make judgements about the possible revenue, which has now begun in earnest and is a lot clearer after the last announcement. they also dont make a judgement about the 40 mill in pre sales of lithium due this year

yes - they have cut it fine, but reached the point is that they are now producers with proven revenue that has just begun and the potential to reduce debt and continue to grow their business

its all risky in this environment, but I think all the bad news is out and the market will crunch new numbers