Extended till Dec 2017 at near credit card rates if that's what LIBOR +12.75% means.
According to the last quarterly:
Cash $6.2M
Q2 expenses $2.3M
Leaves $3.9M
At end of Q1 2017 the loan was $A3.6M
So to my simplistic mind there isn't going to be much left in the kitty at the end of the calendar year.
Wouldn't be very much if they kept exploring at similar rates but add on this ?expensive loan to a major shareholder and a CR or some variant is on the horizon IMO.
Any other thoughts?
Extended till Dec 2017 at near credit card rates if that's what...
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