RE: Align Research - KZG in top 10 call for 202229 Dec 2021 19:06
Company's balance sheet has subsequently increased since 30 June 2021 as a result of warrants totaling £288,250 exercised over the period. Cash has been made available as a result of the loan facility referred to in the Company's RNS of 27 October 2021. Cash currently stands at £30,000 with £103,500 of the Loan Facility still available for drawdown. In addition, the Company has commitments from shareholders to exercise a further £150,000 of Warrants. In December the Company sold over R1,000,000 worth of diamonds and anticipates ongoing significant revenue from both its diamond and Tantalum operations in 2022. In light of this the Directors of the Company consider that it continues to trade as a going concern.