Muz, if they go to Soph's how much do you think they will raise...

Muz, if they go to Soph's how much do you think they will raise to cover costs etc?

Looks like from the last anny that over Jan/Feb they spent circa $300k.....so lets say $150k p.m. Do you think they would just need a few months worth to tie us over until cashflow begins ie. 3 months would be $450k......or would it be longer ie. 6 months for $900k?

Second point then is how much would the pricing be? To make it inviting it will need to be below the current SP IMO. So would it be nominal ie. .5 or would it need to go .4?

SLE