Remember Melewar has still NOT paid the A$2m owed from the last raise.
The company remains confident the money will be forthcoming but time is moving on. SMS paid their A$2m on 14/6.
Even with the extra $2m things will be getting tight late in Q4.
Shane is presenting at the RUI Resource InvestorRoadshow in two weeks time.
This is a sign IMO that another CR is planned in Q4 which may include a rights issue.
SMS is still going to chip in another A$13m so I expect SOI may push close to 1B.
So much is dependant on the success of the AAM raise.
Hopefully, Q4 will be the quarter for debt and equity finance close.
An exciting three months ahead for us.
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