Clearly will have to go to the market for funds to complete the deal. They currently have about AUD 400K cash need funds to complete payments on completion of due diligence US 400K.
Then they will need funds for drillling etc. So I'd guess they will try and get the price to least a cent and do a CR of at least 5M at that level which will bring the price back to these levels on dilution until drilling starts.
see HoA:
The Company has agreed to further milestone payments to RGC and SGH totaling US$400,000 following completion of Due Diligence and execution of the Definitive Agreement with a further payment of US$1.33 million on completion of the positive feasibility study.
DDD Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
