Ann: Annual Report to shareholders, page-2

On 31 August 2016 the Company issued 476,115,047 fully paid ordinary shares to various investors at an issue price of $0.01 per share to raise $4,761,150. The issue was made without disclosure using the Company’s 15% capacity under ASX Listing rule 7.1 so that shareholder approval was not required.
Of the shares issued, 200,000,000 were issued to entities associated with Du Yong Yi pursuant to an agreement first announced on 22 March 2016.
Further, 77,715,047 of the shares were issued to Zhongying Property Development Company, a company established under the laws of Hong Kong. The Company has agreed to issue a further 122,284,953 shares at $0.01 per share to Zhongying (which would bring its total subscription under the placement to 200,000,000 shares) subject to obtaining shareholder approval. The $1,222,850 payable for the additional shares is being held by the Company in trust pending the relevant shareholder approval and subsequent issue.
The Company has also entered into an agreement with an investor for the issue of 50,000,000 shares at $0.01 per share to raise a further $500,000.

That's all I need to see.. looks like we afloat for years to come..