The conditional contract has now lapsed as a result of incomplete Due Diligence within the allocated
timeline. However, the Company remains in ongoing discussions with the Purchaser, and other interested
parties, and will update the market accordingly.
Estimated quarters of funding available (item 8.4 divided by item 8.1) 1.53
8.6.1. Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: Yes. The Company expects to receive the R and D rebate and also proceeds form
the sale of its property.
Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: No capital raising required at this point.
How can they say no CR is required when they have 4 1\4 months left of cash and the sale of the WA property has fallen through, And it will take longer than 4 1\2 months to sell and settle the WA place.
They are just running it into the ground now.
What a crock of shit this is.
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