Someone was so impressed with that news they decided to let go of 4.7M shares @ $0.009.
Slog on page 12 it said that the company had $1.51M cash on hand at the quarters end. So that is below where they historically pull the trigger on a cap raising.
The historical spend on admin & staff costs over the next 2 quarters will suck the life out of that account. There is no way they can survive the next 6 months without a cap raising. They will have to go to market within the next quarter IMO. Otherwise they will run the real risk of insolvency. Money will have to be raised either from the market or asset sales. Lets face it there is not a lot for them to sell.
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