"The decision by Austin’s management to secure a AUD$860,000 (USD$650k) financing facility in the current quarter illustrates a significant strengthening and maturing of the Company. The combination of Austin’s low operating costs and strong long-term growth prospects have given the Company the flexibility to pursue finance on highly favourable terms."
Translation...
AKK have been forced into a short term facility because.....but look at how they 'present" themselves. Maturing of the company...who writes this BS?
FACTS..
1. At end of March they had A$2.166m
2. They owed IOG A$2.34m for completion of acquisition.
