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Ann: Quarterly Activities Report and Appendix 5B, page-7

  1. Merchant2000
    24,951 Posts.
    lightbulb Created with Sketch. 982
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    30/04/25
    16:32
    Post #: 78865320
    BAI does not require 6 months of advanced progressing for loans

    SWF will not guarantee hype without sales agreements etc - need certainty in loan repayments

    Now seems like CP linked to loan like IDC


    $2.9m cash burn in quarter for staff and admin = $12m per year and we were told all costs being paid by SWF lol


    @chuk This will see new lows and massive dilution ahead

    Same construction photos as 3 weeks ago

    Red flags everywhere

    IMO





    Last edited by Merchant2000: 30/04/25
    MNB Price at posting: 3.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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