Beware the cult, page-61

Hi Doc

No one else game to ask the question, but are you sure you are not double counting the "payables" here. The way I read it is that both reports say Dec 2015 end cash = $61m but one says "less payables"(A$19m) and the other has a 3month estimate of "forward expenditure" (A$29m). These are surely neither additional to the "payables" reported on the Annual Report, neither are they the same thing, the latter, I imagine, would include the former??

Which would leave us back with A$61m minus the $29m forward 3 month estimate = A$32m + add $60m odd CR = somewhere around A$90m currently. Of course the forward estimate may turn out to have been inaccurate and we don't have long to wait for the March quarterly to find out.

I've seen other posts mention A$10 million left pre - CR, so I could be wrong. Did that come from something FAR have said? Its not what I was expecting I must say.

pj