Just had another read of the latest update re the entitlement...

Just had another read of the latest update re the entitlement issue.

If they basically raise only the underwritten amount of $2.9m then $2.5m of this amount, is to be used to repay existing debts, interest payments and expenses of this offer leaving only $219k for working capital and $200k for "capital expenditure on existing projects".

So it will be up to the faithful and the C/N holders to stump up more dollars for the current cap raising to be for a higher figure and of any real benefit I would think.