This is a disaster. Now they have $1.7 million in additional shares hitting the market at 0.7c. That wont be pretty.
They bit of more than they can chew and get funding for in my opinion. Need to significantly reduce spending in order to meet a milestone. However I fear the cash wont get us there.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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