Iggy quoting 6 months until financial close, stage 2 works completed in July and Johor will remain in mothballs - a good minimum 12 months before recommencement from their July finish.
Recent CR was $2m short, SMI have pulled the pin on further funding by mutual agreement and they'll need to raise again in a few months time.
Where's the share price catalyst going to cone from? The next 6 months will be a wait & see on funding & given their track record, it's highly unlikely financial close will be attained.
AAM raise deadline extended to July 1st, page-5
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