Timing seems odd here having just raised 1.6m a couple of months...

Timing seems odd here having just raised 1.6m a couple of months ago...

$2.4m as at July
- 400k working capital
- 100k POSCO DD
- some portion of 200k to progress Gov free carry
- 150k raising expenses

must have at least $1.6m in the bank.

POSCO DD extension surely can't be more than 50k.

Cutting it fine I suppose. They were probably hoping to raise higher following positive DD results after the 90 day period. Sept quarterly must be showing less than 2Q expenses remaining i.e. they spent > 800k for the quarter. Not ideal. Hopefully available to all again.