Indeed 4.5m in the bank so no immanent CR to be expected. But then what is going on?
SP at 0.4c after raising 6m at 1.3c. So there must be some really unhappy sophisticated investors here. Wonder who is dumping the shares? Retail investors or sophisticates? Sophisticated investors do not like to loose money and seldom do on these kind of plays.... So something could be going on. At 0.4c this is really starting to look like a "screaming" buy (but not LT, just for a ST 100% play).