$3m in cash is in Euros i believe, so ~5.2m AUD which is ~1/7 of the market cap. They aren't bleeding as much as before so hopefully they can sustain it. JV partner will most likely need to pay costs of any E&P for other blocks to farm-in. Hopefully they don't need to dilute and have enough to kick off the EPS positive CMM power plant project. Interest on convertible notes is only 5% so coverage should be manageable.
