Wow, massive vote of confidence in the Board for raising $1.28m in this market - well done !
Cash should keep us going for the next 12 - 15 months or so, or until we attract a suitable J/V partner with positive terms and cash equity to progress the Razorback project to the next stage.
Demand for high grade pellets remains strong and appears to be increasing as grades of Australian iron ore generally remain at the lower end.
Ann: Results of Renounceable Rights Issue & Private Placement, page-2
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