Ann: Quarterly Activities Report & Appendix 5B, page-9

If the company didn't raise cash via options, then the remaining quarters at current spend would be 4, not 8. Its all about how much the company raises from here. The 50m will not last long, and like others have said, raising cash isn't a problem for abr, without cash the company does nothing. Everybody needs to embrace capraises, and if its offered to shareholders, you need to support the company. The self funding model is finished. Big loans, big capraises are the order of the day. High risk now