Its neither here nor there but your figures are a little skewed, and GPP are only in a slightly better position than they were prior to the "Placement" and "SPP" (if fully subscribed)
We will have
$2,183,770 as uncommitted cash reserves - this also takes into account another 1/4 of administration and corporate costs.
What is a little concerning but without knowing exactly how much GPP have re-applied for under the CRC-P application but with the previous amount of $2M plus the $590k applied for under the RJI-P schemes makes a total of $2,590,000 - both these grant schemes are a matching $ for $ criteria.
Point is, if the grants are approved
we need a further $2.59M to match -
another credit raising ???? Not out of the realms of possibility with GPP (They did 3 in 2016)
View attachment 1023850
All the above IMO only
Calculations are mine and worked from company announcements, where information wasn't available historic figures were used, please read explanation notes next to entries.
cheers
