Analyser , the company is expecting A$15m next Feb from oppy conversion , the key is to get all or some of that conversion underwritten allowing 'bridging' finance and no further dilution.
I believe Kain is working hard on this as a priority and has several large players lined up to under-write.
The company has $1.5m in cash and all costs for the pipeline and testing the 5 wells are prepaid so I reckon the timing of the gas sales will be perfect and the oppies underwrite will provide all the cash needed to advance the shallow gas project by 30 odd wells and drill / test a couple more deep wells.
SALTY
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