Its neither here nor there but your figures are a little skewed,...

Its neither here nor there but your figures are a little skewed, and GPP are only in a slightly better position than they were prior to the "Placement" and "SPP" (if fully subscribed)

We will have $2,183,770 as uncommitted cash reserves - this also takes into account another 1/4 of administration and corporate costs.

What is a little concerning but without knowing exactly how much GPP have re-applied for under the CRC-P application but with the previous amount of $2M plus the $590k applied for under the RJI-P schemes makes a total of $2,590,000 - both these grant schemes are a matching $ for $ criteria.
Point is, if the grants are approved we need a further $2.59M to match - another credit raising ???? Not out of the realms of possibility with GPP (They did 3 in 2016)



All the above IMO only
Calculations are mine and worked from company announcements, where information wasn't available historic figures were used, please read explanation notes next to entries.

cheers