Whoops got that wrong, so to correct my previous post the funds...

Whoops got that wrong, so to correct my previous post the funds from Pioneer were fully drawn down at the beginning of 2023 so no cash injection of $1m. The undrawn facility is not Pioneer but relates to an available loan facility from a director for $3m, so likely cash position at year end before SPP is circa $1.7m, so the SPP needs support to keep things on track and allow the critical Alpha test work to prove up what gives all appearances of being a significantly valuable asset. The receipt of the product certification by Technix that cannot be too far away should well encourage a strategic investor to come on board.

Following my earlier comments on any potential negligent advice, maybe there should be some focus on how a so called floor price is not really a floor price.

The situation is not flash but certainly far from terminal. Good to have the backstop $3m loan and this situation could turn around pretty quickly especially if Pioneer were to be moved on. At a market cap of just $22m, the SPP at 5 c is IMO worth supporting.