As per the Investor Presentation, at the end of September TVN is due to pay $1.35m to acquire the Nuurst licenses. With currently $1.6m in cash reserves, that doesnt leave much in the kitty. With only 250K to fund exploration, money has to come from somewhere (cap raising, further placement, jv or ???). Seems to me further dilution and an increase in the 600m current shares is on the cards - any ideas? Thanks.
running out of money
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