We are fully funded but it would probably mean we need to slow down with exploration until money hits our bank account from Iron Ore.
My gut feel is VMS doesn’t want to slow down exploration and needs some flexibility with cash in bank.
Also at 6c you won’t get the volume. If Acuity buy 6M shares, share price goes to 6.8c (quick estimate).
Ann: Acuity Capital Facility and Appendix 2A, page-14
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