By end of next month (March) they will have $500,000 left in the bank (as per Dec Appendix 5B).
Yes it seems inevitable there will be a capital raising/asset sale if they want to get through to the June quarter, otherwise it will not be able to carry on as a going concern.
What a sad company! Streeter's other company Western Areas is kicking goals.
I'm surprised that the company is currently capped at $35m.
No point having assets that can't make money.
Good luck
:)
Nic
By end of next month (March) they will have $500,000 left in the...
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