concerning the options the following statement was made by david young:
First of all, it is our goal to get all of the expiring options exercised by the end of March. In case of a shortfall, in other words the part of the options not exercised by our shareholders, there are several institutional investors lined up for an underwriting, so that we can assume that ultimately we’d be getting a value of approx. 35 million AUD in the bank. With the current cash inventory and the capital inflow from the option exercise/underwriting, we could have approx. 45 million AUD in the bank. We are estimating a Capex of 40 to 50 million AUD needed to start production. This means that with the aid of a moderate loan, we might be able to make it to production without having to issue any shares at all. Not even for the planned TSX listing!
