Yes it is concerning to see such large expenditure, but, surely it isn't unexpected? Particularly considering the recent purchase.
CR will be required at some stage, however, the likely scenario would be for them to list on the Nasdaq (which I think they have already suggested).
So consolidation on ASX 1 for 100 (or 50 with good news flow) giving $10+ share price. Raise $100m on Nasdaq Listing and then do a SPP.
All this of course after a few (hopefully) positive anns.
So considering this and other possibilities I think there is still a good investment case. I am still comfortable holding to see what happens.
Ann: Half Yearly Report and Accounts, page-50
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