Reference was made to that in a recent release. It's...

Reference was made to that in a recent release. It's inevitable.

I suspect China will get announced and then a new funding round will commence. While there's no debt, there's also no inward cashflow. Big problem. The going concern statement once again made my heart sink.

We now know that the recent ACL contract was worth approx. 200k.

Essentailly in the near term they must free up the bonds to release the cash. In my mind this must be a key focus and the Whyalla project has to be fast tracked. I was very dissapointed to read about the delay to year end.

It looks like they have a cash burn rate of around 400k per month (very hard to determine). I'm sure this has been reduced even further but worst case is around 4 months remaining (end October) unless they go back out cap in hand.