On 27 July the company said
"The focus of activities for the Company in the current quarter will be the marketing of this processing study to industry participants with the aim of identifying the most appropriate industry group to be able to move the project forward."
What has the company done so far this quarter to market the study?
What do they want $700k for? Why don't they tell shareholders?
At one time this company and its project was touted as being in line with NTU's REE project. Why is NTU trading at 20cents while SPX is raising money at 0.004 cents per share?
And directors want to collect forgone fees. Makes you wonder what is going on.
Ann: Proposed Capital Raising, page-2
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