Yeah, I wouldn't argue with that. That said, I think they're pushing the envelope right now, so #whadoiknow?
The narrative around this raising doesn't seem to be terribly focused to me. Trying to sell (promote) too many things across too many fronts. Kinda like a bit of a desperate attempt to 'jump the shark', so to speak? Or put another way, what you promote when you don't have much to promote?
Given the cash balance shown in Wed's quarterly represented end-June (i.e. one month ago), by my estimate it's probably down to ~$1M right now. Add back $250k for the Windarra tailings non-refundable payment (receipt) in a couple of weeks and then subtract August's cash burn and the kitty will probably look like ~$850k come the end of the raising period (end-August). That's pretty toight.
Depending on the degree of success of the raising, this might be the last roll.
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Yeah, I wouldn't argue with that. That said, I think they're...
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