Surprised the company didn't raise more cash as part of the capital raising. To me it looks like it has barely enough cash (MAUD 6) to cover the 2 earn-in payments to Elora (MCAD 5) and operating expenses over the coming 12 months. Even if the directors exercised all their options next year that would only raise an additional MAUD 0.7 and I think it unlikely that would happen. May well be another capital raising in 12 months.
BDM Price at posting:
10.5¢ Sentiment: Hold Disclosure: Not Held
