The last quarterly stated we had a cash balance of approx $10.6m. In this latest announcement it states that after tranche two is received we will have a cash balance of $14m. We have received two lots of $5m which make up tranche one so $10m and tranche two is $10m so that’s $20m. Add that to our previous cash balance of $10m and that’s $30m or there abouts. Am I missing something here?
Ann: Iron Ore Mining Rights Agreement Moves Ahead, page-2
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