Yes US$50k is underwhelming but just in time to give hope at the AGM next week.
What seems to have happened is that Australia has been milked for funding as far as possible and he is trying to raise funds in Egypt to continue operating.
The level of transparency for PPY as an ASX listed company is now hidden behind an Egyptian company.
The future of PPY is now completely dependent on funding and news from Egypt and the operation in North Qld is never mentioned now.
Ann: Papyrus Egypt Update , page-3
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