Just had a quick read. They completed an $8M CR in Nov 16 @ .0335, the MD/CEO is 22nd largest holder with most of his remuneration being equity linked.
They have $2.3M cash and undrawn finance of $8.9M and from their last 3 quarterlies they appear to be good at forward estimating costs (either getting it right or over-estimating).
I'll be watching the reaction to this latest spike.
