Ann: Andromeda signs Binding Halloysite-Kaolin Offtake Term Sheet, page-122

A CR is inevitable if the BOD want to deliver what they are planning, it’s just a case of when and at what price. 32 mill in the bank is a fair drop from where it was and not a lot to show for it, the only reason the cash balance is where it is, is because the long lead items ( the reason for that ridiculous late15c raise ) were not ordered as they said they would, when they get ordered ( and paid for in advance ) not a lot of dosh left after the big wages bill accumulating.
Only way around the above is to get their ( knocking down the front doors ) loans lined up, I suppose everything from this point on is going to be reliant on the PEPR approval next year.