Its no picnic...but please correct me if I am wrong as I will...

Its no picnic...but please correct me if I am wrong as I will change my tune very quickly if I am .

But...

In April 2014 the Company raised A$6.1M (£3.3M) before expenses from an equity placement and
entered into a subscription agreement for a minimum US$3.0M (A$3.2M or £1.7M) and up to US$8.5M (A$9.0M to £5.0M) to the end of February 2015. To 30 June, under the investor agreement, equity to the value of US$0.7M (A$0.7M, £0.4M) has been issued as well as US$0.25M (A$0.26M, £0.1M) of convertible notes. Under this agreement further equity of US$0.2M (A$0.2M, £0.1M) and convertible notes of US$0.35M (A$0.37, £0.2M) were issued in July.

So still have access to US$7.8million under this facility. Thats not a lot...but it gives them a 3 month run to get soem of these "under negotiation" deals over the line.