more cash in the kitty, page-12

I believe you can estimate the amount the receieved from AFR statement.

" The Company has funded the acquisition from existing cash
reserves with working capital being replenished by a partial
drawdown of the convertible loan facility with Macquarie
Bank Limited."

As at 31st Dec AFR had 2.75M USD cash reserves.

Their anticpated spend for this qtr was about 1 million USD

We are approx 2/3 way through the qtr hence about 667000 USD spent if one assumes linear spend hence about 2.1 Million USD left from Cash. As they state above their WC is replenished by partial draw down on their facility with Macquarie.

Therefor I conclude that they probably paid around between 1.5 to 2 million USD meaning they drawn down 1 million or more from their facility to replensh their capital reserves.


that would be my guess without more info at this point.