As alluded to many times here before must be close to being insolvent soon. Problems aside the sentiment around mid cap mining stocks is very negative at the moment , not much appetite for risky raisings etc, even Iluka has close to halved in the last 6 months. Luke and Flavio have left a train wreck and should be held accountable. So much smoke and mirrors and deception over the last 12 months.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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