From a cash perspective, Pioneer held A$5.7 million in cash at the end of October and a further A$1 million is expected to be received from the remaining sales of high grade pollucite.
Given the Cash burn rate a Capital Raise in April or at the latest May Unless they can sell the balance of the pollucite the Chinese have reneged on.
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PIO Price at posting:
1.3¢ Sentiment: None Disclosure: Held
