As the business is still operating we may see an extension to...

As the business is still operating we may see an extension to the suspension into August to complete the raise and also provide time for further updates which may include some of the following:
Production progress during July, financial situation, progress to recent finance and operational plan including cost cutting, recent drilling results, further equipment deliveries received, an updated mine plan including LOM, resource and reserve update. These are all scheduled for the September quarter.
In theory new investors cannot access price sensitive material before the market so waiting/stalling may be the way to go if our $55 million can be stretched out a bit further - should not be a problem with this.
If most of these including a general update are available and they are positive then this will assist the raise process as well as ease some Holder angst.
Will likely be a placement around hopefully 15/16 cents if enough good news can be released in the next 4 weeks plus.