Crikey!
"We are proceeding as per plan but will probably slow down further to conserve cash. We had planned to raise some money by year end but this may be difficult to impossible".
So if they can't raise money what?
Care and maintenance, or administration, that's what.
I thought under 10c was a steal, but with no cash, and unable to raise any, disaster.
Long wait for a return I would fell.
SDG