Ann: Results of Meeting, page-36

The real litmus test is not these extra shares (the optics of which look poor, but given all the dilution to date 10M doesn’t make much difference) but rather the quarterly due by end of this month. I personally think the production cost figures will surprise to the downside and will go a long way to explaining why they had to set aside another $90,000,000 for working capital recently… NAL is simply not enough of a money printer in the short/mid term, in my opinion. Perhaps I’m wrong - we’ll get a clear picture by 31/7.

https://hotcopper.com.au/posts/67300619/single