Next Capital Raise (when?), page-7

Azure treasury down to $4m.

This company is churning through cash FAST. OPEX this coming quarter ~$2m, including almost $50,000 a week in admin expenses (not including salaries)

When should the company should raise? In April? When JORC is complete and the kitty down to the last million?

But what happens if JORC fails to meet expectations? The raise will then occur at a MASSIVE discount and the dilution will be ENORMOUS.

No-one likes dilution but its the bread and butter of companies like ours.We consolidated so we can start issuing more shares.

Far better to do it from a position of strength. It's the only responsible course of action