From the financials1 Aug 2019 13:57
Notwithstanding our revenue genera8on, the Group is s8ll
in a development phase, whereby it has insufficient
internally generated sources of revenues to fully finance the
investment in, and development of, its assets. This requires
access to funds either from shareholders or third par8es to
finance its expenditure and opera8ons. Whilst the Board
does investigate financing opportuni8es as appropriate,
there can be no certainty that such finance will become
available. Failure to access sufficient funds at an appropriate
8me will have a nega8ve impact on the Group’s prospects
with the possibility of projects being deferred or some
assets being disposed of, in part or in whole, to ensure the
continued funding of the rest of the operations. The Group
does have access to a $500,000 loan facility which at present
is undrawn. The Board considers this to be suitable and prudent cover for the Group should its operations require
further funding.