Further to my post of a few days ago, below is part of the Half Yearly Report showing current assets and liabilities as of Dec 31st.
The Half Yearly Report probably holds a key to why the company chose to sell LLL shares. It will be interesting see the size of the Current Liabilities figures in the next Annual Report. Did they pay down any of the short term debt with the $100m or have they actually increased this amount further, hence the need for a month's suspension to arrange a large funding package.
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Further to my post of a few days ago, below is part of the Half...
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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