General discussion - re rate start August 2023, page-411

they now have well under $1m and more likely $400k and you are totally right they will need a CR.

Unfortunately it looks more like suspension / administration more so than a successful CR.

Now paying for 5 directors, 1 consultant, a new industry advisory board, exploring the eastern project with sampling once again (cheaper than drilling) but it’s only soil sampling and that’s not enough to get the SP moving. Just look to the North in the Gascoyne they are all down waiting for actual drill results.

this would leave the funds atm well under $500k IMO

so either the coal conference is a success to gain SP growth or it will be a mammoth dilution and freebies just to raise a very small amount as IMO no one will invest in AHN the way it is.

on new blood to the board and no Ed may get some good traction and get new investor confidence.