They are cash strapped no doubt & they have reacted accordingly.
Seems another pretty tough period to navigate. Dilution at 10% before March = 500 mil+ shares.
Additional 15% locked & loaded in anticipation of the Investec @5 million buckaroony deadline - Yer that's USD.
Trade creditors debt prolly crept up last quarter given the Investec repayment fell short.
What's the chances of Investec getting the golden flick this quarter?
My 2 bob says if the BOD can scrape together the $$, the will, the intestinal fortitude(who says that chit), the nous, the know-how and possess the sheer determination to kick Investec to the curb at March 31 then they will have partly redeemed themselves.
No Chance!
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They are cash strapped no doubt & they have reacted accordingly....
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