Pointless whinging...., page-38

Seeing as it's happy hour, just a quick reply.

For the half yearly, revenue at $10.5m and netting cash of $5.3m (50%) looks impressive for a capital intensive industry.
The rest, refer to the budget (April-Dec 2015) seen in the presentation March 2015. The C.R. was only for $15.7m and the balance of $6m had to come from production for that period. Included in the budget was the drill, the test (did not happen), Black Swan, ERM short loan and bits and pieces.
N.B. the RGN test of $2m has to come from the 2016 production by the look of the cash flows in the quarterly.