Ann: TMK: 1.2 TCF Contingent Gas Resource (2C) Independently Cert, page-105

Yeh, give or take.

Maybe our cash position is now a little worse than that because;
1) We now need to pay $US809K additional farm in on Mongolia
2) Total farm in on Mongolia is just short of $US4mil, Aus $ has dropped so up for an additional just short of $Aus1 mil,
3) Operating costs.

So the way I read it we could be about $Aus8 mil short give or take.

Obviously we have Waylering cash flow in 6 months, so is timing difference.

I hope is raised by debt, I would not be surprised to see a Mac Bank lend with a bunch of share options given to them. Maybe a small capital raise as part of the mix.

To my mind when the announcement comes re how this is all getting paid for (if debt) hopefully we will see the share price go a bit north. My view the uncertainty re this is keeping a lid on the share price at the moment.

All just my thoughts.