The cash situation is a bit misleading - they've been using...

The cash situation is a bit misleading - they've been using their cash up rather than draw down on their debt facilities - which makes financial sense.

They've got around $20m in the bank and an unused $17m debt facility. That's more than enough to get them through to production.

I don't think they'll need to go back to the market at all unless they want to ramp up production way above previous expectations.

I understand that newsflow has been slow, but everything I see tells me that they are on track. I'm confident that the company is doing ok - how else do you explain getting that Kraft Foods exec on the board? I'm sure there was some due diligence done there before he made the decision.