Net cash proceeds extremely low about $77k/m. Always has been an excuse why so I’m not yet convinced it will materially improve. If it doesn’t, and we don’t get the mining applications through then I see a cap raising sooner than you think. Especially if they want to get moving on Pilbara. I’m underwhelmed by this quarterly and expect far more sales in the near future that will keep share price suppressed.
It’s hinging on those SA applications. It’s a casino at this point in time.
Ann: Quarterly Activities Report, page-4
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