I haven't spoken to management, but I expect we can forget about the placement at these prices (< 0.14)
They have approx 1.6 in the bank, so can just go into low-power mode until the market comes to it's senses.
There are a few companies with this issue at the moment, and some are sitting on 0 cash, and they just creep along until the market becomes interested again.
montezuma acquires iron ore rights., page-17
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