i would like gap at 3.2c closed, page-6

$800K plenty to last them another few months, their spend is not that great, $400K a quarter based on last year's financial report. Also cut some staff as they moved from research to commercialisation. I'd be happy for them to have a capital raising for a couple of mill $ at above 3c rather than the .6c it was only a couple of weeks back. Then they will have the surety to take this to commercial reality. This may or may not happen as there are possibilities that a partnership deal might be arranged before then that covers certain costs.

So to summarise no guarantees that there will be a placement but wouldnt be a bad thing if there was.