Sorry I found the $700,000, it was in the quarterly, so thats $800,000 for the plant and some Indian work (still opportunity there) add in admin and they will use about $1.3 mil leaving $900,000 in the bank. Depending on what the plant upgrade and operating costs from May to June are will determine the timing of a possible raising. Looks a little tighter coming into June but still close to when cashflows are expected. Still back of envelope calcs.
Cheers
Seik
APG Price at posting:
3.8¢ Sentiment: None Disclosure: Held