are you looking at the right company result here???looks...

are you looking at the right company result here???looks positive!? wtf
current liabilities even at Dec31 exceed current assets by almost 2x! for a loss making operation this is diabolical. it drew down another $5m post the balance date so balance sheet has likely deteriorated further and probably headed for negative equity if not insolvency

it needs to pull off a major recapitalisation of some sort very quickly to escape the very onerous emergence funding facility from Ernie thrasher which expires in June with longer term debt - ideally not a convertible- or an equity raise of $20m.
hard to see much to get excited about.