So a shortfall of $276,525.60 for the 50% Rights Take-Up and a shortfall of $1,431,617.60 for the 100% Rights Take-Up.
R3D did have a cash balance of $434,000 as of 31st March 2022.
Perhaps they'll just have enough funds to complete the Plant Refurbishment and Resource Definition / Upgrading as planned.
Unfortunately zero exploration until they are producing / selling Copper Sulphate (6000 to 9500 tpa). Which would bring confidence to the market that they can actually deliver on schedule and within budget without additional capital raises.
Downward pressure on the SP until then.
