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17/10/11
07:32
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Thanks for helping to keep us ahead of the game down here in Oz Octo! Was waiting and for such an announcement.
So they have about $1 mill on hand, $1 mill coming from the gov and $23 mill from the bank (and possibly some from shareholders)
They only have $337,411 in TOTAL liabilities.
There are 161,304,411 ordinary shares on issue.
All told, the influx of cash should add about 7-8 cents in value in the near term as they ramp up to production in the next 12 months.
We also have updated and new assay results to look forward too.
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