Ann: Appendix 4C and Quarterly Activities Report, page-161

Unfortunately @Fact Finder, your posts on this topic suggest you do not understand the mechanics of how an ATM funding agreement works.

While there is a maximum limit ($50M), the amount the company can actually draw down from the funder depends on a number of variables, i.e. the prevailing share price, daily volume, etc. This is to protect the ATM funder from a company drawing a huge amount and leaving the funder with a massive amount of shares they cannot dump on the market without incurring a huge loss. If you look at the likes of LKE.AX, who back when it was pumping, set up a $250M ATM facility, due to the collapse in the share price and volume, the actual amount available under the ATM is now only $2.6M per the latest quarterly.

So despite you putting it forward as an "inconvenient truth", it is not truthful or factual at all, but simply your incorrect opinion that BRN have $50M available to them in their ATM facility. There is a reason that the last time they needed funds, they elected to draw a small amount from the ATM and tap shareholders for the rest.