The 1.5mil in the bank sounds about right but Noble seems ready...

The 1.5mil in the bank sounds about right but Noble seems ready to bail them out with a $7.5mil short term facility,so I'm not sure about a need for a capital raising
The huntleys view you mentioned,how dated is that?
I have included below an extract of the half year report that outlines the cash position
"Working capital and remaining sustaining capital requirements will continue to be
covered from operating cash flows and the group�fs syndicated working capital
facilities including a $10 million revolving credit facility and a $7.5 million stockpile
facility. In addition major shareholder Noble Group Limited has provided a $7.5
million short term facility on arm�fs length commercial terms. It has been agreed
with Noble Group Limited that if the company defaulted on the agreed repayment
terms, Noble has the option to convert the loan to equity at the prevailing market
price."