Ann: Toronto Listing Update, page-45

Mate there have been far too many optimistic and rose coloured statements by the CEO (s) over many years which has led to nowhere but an entity that looks to rely on creative accounting and capital raisings to keep themselves afloat. Looks like continual loss making and high debt levels and loss of shareholder confidence may be coming home to roost very soon.
Here are just a few of the countless capital raising gems:


Feb 2016 : a $50m capital raising 'delivering a strong balance sheet that blah blah blah, providing flexibility to pursue growth and blah blah blah'

Feb 2017 : a $51m capital raising 'with a strong balance sheet and blah blah blah, and a pathway to a fully optimised project blah blah blah'

Feb 2018 : a $75m secured loan facility 'ensures ample liquidity through the final stages of our operational turnaround blah blah blah'