Ann: Fully Underwritten $40M Placement & Non-Underwritten SPP, page-96

Ace , I think what Churchbat trying to imply is Cash over Net Debt, Total Debt as of today
sits around A$60 M. Now after Capital Raising of say A$45M (Possible A$48M if oversubscribed SPP).
Group cash as at 30 June 2023 totaled A$14.2 million, a decrease of 57% from the end of the
previous quarter.
If you add group cash plus Capital raising = A$45 + A$14 = A$59M
The 19 Million Payment to traders I would put that as payment todate of work done
by Contractors this July. That would have produced at least 10Kt of Concentrate worth A$20 Million.
Anyway this just my own interpretation, I could be wrong. Happy to be Corrected.
Or maybe @churchbat "please Explain ' Paulin Hensons famous quote. Cheers CCD