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I agree they will need funding at some point down the track, but...

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    I agree they will need funding at some point down the track, but I'm not sure it needs to close by this quarter. A big statement to say today the business can continue to run for the foreseeable future only to turnaround and do the opposite out of need. Given the ramp up of AZ production volumes, there might be a wait and see approach first, but I'm assuming their base case must be pretty good to make the "foreseeable future" comment given on the last quarterly the numbers look skinny.

    Also, perhaps I have my rose coloured glasses on but three statements are worth considering from today. No public cap raise, a mention of potential new capital nonetheless, and that the business can self fund for the foreseeable future. How do you reconcile these three statements? My only conclusion is to guess that there's something in the wind. So I think you might be right jamwolf, I think there's capital coming but it might not be at cap in hand prices.
 
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