Hi Edd,That's not a new capital raising its just a provision to...

Hi Edd,

That's not a new capital raising its just a provision to allow the company should it need to, to be able to raise up to 25%.
It's a standard provision and many companies will seek to do it each year. We probably would have had it in the resolutions last year as well.

I think the company should be okay for the moment for cash - it wouldn't surprise me should the US Marines uniforms prove successful we do a raise then, but that will be sometime away and would also require a deal to be done with them (which is not guaranteed).

However I also would like to note that the company has borrowed from Collintons AUD $5.15m via a convertible note back in 2019 - this will need to be paid back in Dec 2023 - however I suspect that Collintons may convert to shares (at 6c I believe which was part of the deal), that itself will mean another 85 million shares being issued at some stage - so just keep that in mind when working on possible market caps and valuations.