Ann: Trading Halt, page-38

$9 million would make us the best funded uranium stock on the asx under $60M market cap. Whether we like it or not we need enough cash to survive until we are fully permitted. This could be next month or in March next year. I would hardly call $1.6M per year for all staff and executives wages and administration a junket, I’ve seen much worse. There is no crystal ball so there’s never a perfect time for raising money. Yes SP could have gone to $1 or maybe .30 cents if Sentient dropped the remaining position in to the market. As long as it’s not too much of a discount then I’m relatively happy. Let’s await the details……
GLTAH
Cheers Rb