Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-63

Reading the financial report couple of times.
Comparing liabilities ( borrowing + payables) between 2017 and 2016, they actually look a bit better in 2017.
In term of ASIC costs, December quarter is much better compared to the previous quarters.
They have 19m in aud however more than 10m in receievables.

With more cash injection of 60m, they will use 15m for the plant upgrade whilst the remaining for operation and replacing the old debts.

If you compare the two years, i dont think a scenario that the company go busts.

Loss of share price (8c) from 18c hence big funds reset their buy target?

Sprout obviously have to study BDR book carefully before making such a big investments.

Today is really over blown for some reasons.

I am not an accountant but i can read the balance sheet etc.

I am happy to hold longer on this one.