With 1.7 Mil in the bank, expected spending for the QTR of 700k, It is possible,
I really hope they announce sales or commencement of mining prior to any CR, Or to have some revenue from our 20T of Graphite.
If they do require a CR I assume it will be similar size as the last one. They only need to wait until May for the FGROB to be exercised, This should bring in 12.4 Mil
Maybe some the OB holders might exercised early to save more dilution.
Ann: Flinders University Update-FGR.AX, page-25
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