Based on the revised quarterly they had $466K in the bank at June 30, with next quarter spending of $1.6m.
If they are spending $500k per month it now shows that by the end of July, they will be out of money without completing a cap raising.
Desperately need funds in this baby. Or they need to sell something.
FWP you may be able to load up cheap on this soon.
Ann: Quarterly Activities and Cashflow Report , page-6
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