Yes tantulam is on rise but the mine is a year plus from really producing and that's if they can get pipeline built which will take I believe a year to build and much finance
Accordingly, a total of 28,192,431 Open Offer Shares have been accepted or applied for under the Open Offer, including the Excess Application Facility, representing 56.437 per cent. of the Open Offer Shares.
As with any drug undergoing clinical trials, Synairgen will require regulatory approval before SNG001 can be marketed on a commercial basis. Takes time and some way off b4 approval be carefull out there.
At the same time, meetings with investors have been encouraging regarding a possible equity raise to both strengthen the Group's balance sheet and enable the Company to capitalise on any increase in demand for its services as mainstream lenders tighten their lending criteria.