OK then, just a small cap raise to provide working funds and pay the $1.5m in September. Seems prudent.
I'm still wondering about the 7,687,500 unlisted options at $0.2667 that were to expire on 31 May 2016. They were in the money and you'd expect that they would have been exercised, resulting in a further $2 million cash. However, there does not seem to have been any announcement from CXX about whether they have been exercised or if they have lapsed. Does anyone know what happened with them?
CXX Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held