ESR 0.00% 0.4¢ estrella resources limited

Cheapest Nickel producer on the ASX ( MC 22m ), page-515

  1. 3,471 Posts.
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    You're missing the second page where they raised $2m in July, still unless something happens ASAP we may be in trouble

    8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
    cash to fund its operations and, if so, what are those steps and how likely does it
    believe that they will be successful?
    Answer: On 18 July 2022 the Company announced that it had raised $2.2M (before costs)
    through a Placement to professional and sophisticated investors. The Company
    also expects to receive, if it proceeds with the 5A bulk sample extraction, based on
    current nickel prices, approximately $600k to $800k (after costs) from the sale of 5A
    nickel bulk sample and the timing of this is expected to be within the next 2
    quarters.
 
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