They don't have to worry about a second strike at the next AGM as they won't make it to the next AGM in Nov 24.
The recent rights issue raised $1.72m and page 4 of the Entitlement Issue Prospectus says that they owe DL E&C Co US$8.8m (approx. A$13.5m) by 31 January 2024. The prospectus also says that "A further US$6,214,880 is also owed for additional components required for the NRUP".
Staveley is paid $1.5m and Peters $600k, and NRZ has to pay A$13.5m and possibly another A$10m (for the additional NRUP works) by the end of January. Things look grim.
Ann: Director resignation, page-10
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Mkt cap ! $9.512M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $13.64K | 2.808M |
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| No. | Vol. | Price($) |
|---|---|---|
| 31 | 22966816 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4924828 | 8 |
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