Ann: Operational Update Graphene Production and Mining Activities, page-4

No it's the amount raised overall. Contrary to other people's thoughts I was on the money! From a previous post of mine:

"Great post mate!! I disagree with below if you exclude the director's involvement excising.
Be lucky imo to get 2.5 million dollars if option share holders excise. People like me imo are just a bit fed up with guidelines not being met. Having said that, at least the communication from the Company has become a lot better since I've held!!

"I side with spid81 on guesstimating that the directors were targeting perhaps $4-5 million out of the potential $13 million that could have been raised. On top of the almost $3 million in kitty now, that would have taken them well down the track, and possibly near the stage that income might be substantial enough to back financing from Traxys for further development." "