again i ask the question what is the effect of a failed spp...extension was expected but surely they will be running low on funds soon-especially with some real costs currently....how long until insolvent?
thought I would have a quick look myself....
cash on hand 6/6 corporate presentation showed .5 mil + .8k placement so around $1.3m
cash burn from march qtr was .5mill so i guess could be as long as 7-8 months before all cash gone but that depends on how much exploration costs! They will of course have some take up from the SPP - they certainly are trying hard to get some interest with announces etc Surely we will see something from the asx soon?
Ann: Share Purchase Plan Extension, page-4
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