Ann: Trading Halt, page-39

Not forgetting the Debt/cashflow/equity position is far better than 2017 because the company had a mammoth cap raise for $35m at 4 cents diluting all existing shareholders. Thank heavens the debt position is better after that!!!
This company just keeps rattling the tin. No wonder shareholders are skeptical when a trading halt follows a couple of company presentations.

See below a rough summary of the equity capital raising announcements since the dateof Matilda acquisition.
Be mindful that at that date, the company Market cap was $9.7million with 38.9m shares on issue and a trading price of $0.25.
I have probably missed a few and some of the actual amounts require further research/clarification but it's a terrible list

January 2012 $950k at 20 cents
April 2012~ $1.025m at 21 cents plus up to $8.125m at 21 cents via Lindover 36 months
September 2012 $1.1m at 19 cents
December 2012 $400k at 16 cents
February 2013 $3.32m at 21 cents
June 2013 $10m at 25cents (Convertible Notes) – first tranche $2.5mconverted 17 Sep 2013
June 2014 $2.31m at 21 cents
June 2014 $1.4m at 17.85 cents
October 2014 $3.8m at 11.5cents
March 2016 $20.3m at 45cents
August 2016 $25M at $1
February 2017 $35m at 68 cents
November 2017(Failed)Target was $16.65m at 12 cents (~$10m from Pacific Road with additional $50mloan facility)
January 2018 $35m at 4 cents with attaching options at 8 cents

Market cap now $37m with 1.37Bn shares on issue.
The 27.7m shares issued to Lind in mid Feb in lieu of a $750k interest and principal payment really paints a picture.