I have re-read the last few announcements and re-calculated the numbers.
As of July 30 2010 we had $56Mill in the bank.
Since then we have committed:
$7Mill to a mill $27Mill to HSK with $2Mill deferred $30Mill to NQM ($0.15 x 200Mill shares)
Announced a institutional placement for $10Mill
So that leaves us with $2Mill before other costs and NQM cash holding. We may be able to hold off a capital raising for a little while although we will be running pretty low.
CQT Price at posting:
48.0¢ Sentiment: None Disclosure: Held