Expectations are growing of an imminent announcement which is reflected in both growing volumes and good buying support.
2 months has passed since the announcement of the funding deal with Super Alliance and KR in a BRR interview said negotiations to finance were very close.
Cash position of the company is low and it would soon need a cap raising in the absence of a finance deal to meet commitments for the quarter.
And there was an expectation that a deal to finalise finance for SHIP was going to complete at the end of last month.
So the big question is this the week?
FAS Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
