Ann: Trading Halt, page-30

Hey @john435

Let me blitz you with my accounting skills -

Cash
Opening Balance $ 2.012 m *
Plus current CR when funds received + $ 1.600 m
Less Oct & 1/2 Nov ( IMHO est at
900k* + 150k* / 3mths * 1.5 mths - ($ 0.975 m )

Est Total as at Nov 15 $ 2.637 million

So lets say $ 2.6 m mid Nov 15 -- that's a lot of drilling coming up all!
Debt = Nil. Credit stand by arrangements = Nil required.

Gracie
Warming up for some serious Desert Dragon Dancing!


Source : * Ann 9 Oct - Q1 CashFlow
Assumptions : Options exercised = Nil