Ann: Placement to a Strategic Investor, page-41

Goldbug23, bit hard to tell what are words of brokers and what are yours.

i'm putting my neck in the guillotine here, but its hard to see KAU being short of cash.. estimates on KAU threads of revenue in the quarter range to around A$15 million, depending on production and gold won from liners. If so, some of this would be added to cash at bank of nearly $10 million on Dec. 31.

to put any meaningful squeeze on cash, KAU would have to have gone on the mother of capex sprees and that probably didn't happen. Restarting mining at Maldon doesn't come with huge capex.

good to hear brokers have been kicking rocks on site.

if anything the momentum of KAU likely added cash in theMarch quarter..

anyway, who would bother with a $900k CR.

In the past few years, company statements have referenced a need for access to deeper capital reserves a number of times. no need to raise capita unless you plan to spend it.

the plot thickens.