when would next capital raising be likely?, page-34

Quite a large post to reiterate my callouts that there will be ~18 million cash in the bank and speculate on farm outs yet to be signed and success at Gurame - pure speculation.

You state that if Gurame is a duster you will happy to re-rate - what is the COS on that one?

The fact is that there is ~3 cents cash backing per share now, and if the $33 million losses over the last 2 years continue into this FY a capital raising will be requied in Q2/2013 at the latest that will liekly be at a discount to market.