JRI IVZ Fireside Chat - March 26, page-329

Yep agree they hold 7 million more cash.

The only caveat being depending on the 2 year Exhalo contract details they may not be able to go below a certain cash level on their balance sheet and probably why it has now appeared as a liability.

It seemed in SM's mind that pulling this sample would have seen a run on the share price to 30-50c based on conversations he had with advisors and he could raise millions at this level. In hindsight had he known that pulling a sample would have had little affect on the share price would he have all the way back at MK1 sidetrack just cased and flow tested based on the wireline logs from there as others were calling at the time.