collective proposal to asx, page-16

Well  there you go.  Not as bad as all the doomsayers have stated.   $166,000 left in the kitty ( which is more than VIC ).     

With $410 expected in the 1st Qtr outflows - I do see this statement as somewhat positive to the ' going concern ' aspect of HDY.    Here's hoping we can satisfy the ASX with some remediation measures and get back up and trading soon.

*The Company notes that cash is running critically low, and it will need to raise capital pursuant to its placementcapacity, or secure a debt funding arrangement during the quarter