With access to a further $7mill which they have not began to utilise, and an additional $2mill which they have already received. You seem to always omit this from your trolls.
They basically have $15mill funding for this project as per their latest funding announcement.
Not to mention the oppies alone with such a low strike price will almost guarantee a further $8mill+ to the company on top of the $15mill already approved, whether they're exercised via holders or underwritten.
Expect this to go crazy in the next 3-4weeks following the EOFY clean up.
Also you stated a current MC of $34.7m (including options). That's not too bad with access to over $23mill including option exercise.
All IMO, DYOR.
GMC Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held