Almost guaranteed a CR this year. It's just a question of at what SP? Cash burn at the going rate will leave coffers close to empty by the end of FYQ3. This coming FYQ2 quarterly will leave estimated 4-5M in my opinion. If they manage to milk it through Q3, then a raise in FY22Q4 might be good. Otherwise there is a raise in the next 3 months. Just depends how rapidly investors will react to News...
fletchers and middle east project to get a rerate before CR is ideal...
It is an $8M facility and they have stated that 2.3M went into in last CY. So need another 5.7M to finish it by FY23Q1...
Ann: Lease secured for titanium powder plant, page-7
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