"You thought a CR was unlikely because they announced they were looking for non-dilutionary funding. How did that go?"
A bit better than 50:50 at this stage. US$14mill from non dilutive IDC loan, leaving US$12mill to fund remaining capex.
Some or possibly all of that $12mill might be from the current cr. After this cr, anything remaining of the $12mill and working capital requirements could be from a further non dilutive working capital loan. We'll have to wait and see on that part but the IDC loan for US$14mill (A$21mill) certainly has been a useful start and would have helped to secure the recently requested amount in the cr. What amendment/addition to that cr we get from this suspension remains to be seen.
"You thought a CR was unlikely because they announced they were...
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Mkt cap ! $46.71M | |||
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| Price($) | Vol. | No. |
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| Last trade - 15.06pm 07/05/2024 (20 minute delay) ? |
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