Let's say 5m for argument sake, now don't they have an approved...

Let's say 5m for argument sake, now don't they have an approved bridging finance facility for 15m? So 5m per quarter is only 1/3 of available finance to operate the company not a bad setup by management.

I agree lets see how they go in the coming quarters but if they can demonstrate the ability and discipline to operate the bridging finance as designed by financing the ops and then clearing the debt in full at end of each month/quarter what ever the agreement stipulates while growing cash reserves that would be a strong result in a very tough industry.



Kat.