The $27.9m cash in the presentation was $18m at the half year and will probably be no more than $10m by year end. If they pay $10m, all that leaves them with is the cash in St Andrews.
That’s incredibly tight. But as Sojourner says, no news is good news. It may also be that the funding package is being revised to take into account Freedom’s current financial position.
The $27.9m cash in the presentation was $18m at the half year...
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