Jupiter,
I got my question answered ( for the one some poster took offense to) when I suggested that the directors had not paid for the shares, look at the $1.8m Loan to Directors, what does that look like to you?
$900K + $900K ( amount to be raised from options exercised by two directors)...hmm.
Also they still have the $140m facility or do they? Who knows, because it is difficult to read whether they honored the facility fee of $1.4m x 2 ( at least I cannot decipher it from those numbers).
As for the $34K left, well Fortis is still in capital raising mode, just been stalled by the ASIC situation, once that is resolved, they have to bring in the cash. No big deal if GEM-Citic is there on stand-by with $140m.
And of course not the smallest of issues - do we still have a potash resource to acquire or not?
Jupiter,I got my question answered ( for the one some poster...
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