The report says loan was drawn down on the 23rd last month so I can't see another capital raising soon only a highly dilutive cornerstone investor. There was no mention of a JV partner in the annual report as previously suggested in the two track strategy announcement prior to this. The way I read it is we're screwed unless someone wants a heap of shares cheap. I figure the major holders have tipped in $5M+ for working capital to this point. At a MCAP of $10M they are going to cop a big loss for another party coming in on it.
ZGM Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
