Ann: Voluntary Delisting from ASX, page-2

What a difference a day makes:

"Propell's Board has a strong track record of raising capital and as such, the Directors are confident that the Company will be able to raise sufficient capital to repay the Convertible Note."

Followed by

"Limited prospects of raising capital

The Company has faced demand and pricing pressures when it has sought to attract new capital from public markets since listing. This has resulted in sub-optimal raise outcomes, including convertible debt securities. Given PHL’s capital-raising experiences to date, the Board has limited confidence in raising new monies at prices that would be satisfactory to existing shareholders. "