Ann: Quarterly Activities Report, page-2

On 31 Mar 2016, Justin Doutch said the sale of Dohertys (for $4m cash, incl GST) would see the company virtually debt free. The Dec 2016 quarterly suggests the sale of 100% of the tenament ( another change from Mar 16), would realise consideration of $2.2m. That's probably GST inclusive. So with that gem and the additional debt incurred in the last 12 months, I wonder how "virtually debt free" this mob will actually be; NOT. IMO, Accelerated will not complete the transaction by March 17 and the saga will be further drawn out. Awesome, simply awesome commercial acumen.