Ann: Annual Financial Report - 30 June 2022, page-36

Cash burn guidance for this quarter was $5.5m, per the June quarterly report. Assuming actual is close to guidance (BS & PH have been pretty good with the tracking in that regard), we can expect ~$5.5m-ish cash at end of this month (within a fortnight). We'll get confirmation when the Sept quarterly drops sometime in late-Oct.

There will be a CR sometime in the Dec quarter, imo. My money is sometime after the BFS, but before* the Sept quarterly drops. Thinking late-ish October.

The open question is the scale of the CR. That is, whether of sufficient scale and mixed with debt to fund the restart (i.e. going hand-in-glove with a FID for v1.1 around the same time) or just a smaller CR to fund things until after the v2.2 BFS and whenever/if ever FID comes.

(*If you need to raise, best to do so on the back of a reasonable-ish (v.1.1) BFS but before the quarterly drops, so you can put the market at 'ease' (of sorts... v.loose term) that solvency is not an immediate issue.)