I emailed the company and this is the reply that I received.
As you pointed out the Company has strengthened its financial position considerably, primarily through the sale of its Watershed tungsten project in Queensland for $15 million. This sale, which was announced in May 2018 and completed in August 2018, has allowed Vital to repay a $1.4 million debt to Macquarie Bank Limited, so that we are now debt free.
As soon as we can provide an update to the market we will do so.
regards
Mark Strizek
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