Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-516

It was stated by a few that this non dilutionary approach was never going to work out well

Seeking funding for 100% of all capital works and more was never going to advantage shareholders at this end of ASX

It was a huge gamble that has failed miserably

A CR for all capital works should have been executed in 2023 and although shareholders would have been heavily diluted - they would be miles in front of the current debacle

@chuk stop offering false hopes - SP has not factored in missing deadlines or not securing full funding

2c or lower is possible if it fails at this crucial point in time - this fall os not from a bear market on small caps

Unfortunately now imo is to hit market for as much capital as they can and not be reliant on others for the next 12 months

IDC pre conditions only favour them

imo seek advice outside of HC