Ann: Half Yearly Report and Accounts, page-8

are you looking at the right company result here???looks positive!? wtf
current liabilities even at Dec31 exceed current assets by almost 2x! for a loss making operation this is diabolical. it drew down another $5m post the balance date so balance sheet has likely deteriorated further and probably headed for negative equity if not insolvency

it needs to pull off a major recapitalisation of some sort very quickly to escape the very onerous emergence funding facility from Ernie thrasher which expires in June with longer term debt - ideally not a convertible- or an equity raise of $20m.
hard to see much to get excited about.