Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

@playwithfire, the way I see this playing out is that management will do their assessment on the future of the Adelong project & persist with modest drill campaigns for another year or two. If the $15M - $16M project funding remains elusive they'll probably arrive at similar conclusions to previous mine owners who were unable to make the transformation from lean-budget exploration to profitable mine operations.

Plenty of cash will need to be pumped into Cosmo to drastically improve the probability of success for any second attempt at an ASX listing.