Hi Lockitt,
The controlled placement with AA only have 70 million shares and they have used nearly half of them back in 2nd March. With the share price at 005, the remaining shares can only raise 200k.
The funding is an ongoing concern, I don't understand whey they are still applying for the new concessions if the existing ones are so "prospective".
Ann: Financial Report for the Half Year Ended 31 December 2017, page-6
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