Funding could still go either way in my opinion.
Alot will depend on the ability for the company to build some cash in the next 2-3 months. If they can demonstrate that capacity, then access to lending should be easier. And that sounds like the plan.
ie generate $15-$20M in the green from December -> start of March.
Finalise new agreement with financiers in March/April.
Into Federation for June.
On the other hand, if December was the blip and we continue to run at breakeven (or a loss), then financiers are hardly going to be queuing up without getting a slice of the company.
I'm cautiously optimistic here. A whiff of no capital raising being needed will put a rocket under it.
Ann: Quarterly Activities Report - December 2022, page-30
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