It doesnt look to me like they have really been conserving cash Surandy. looks to me more like spending money like drunken wharfies on pipe dreams.
I think at the very least they kind of owe some explanations to shareholders as to why Kalina + BH doesnt even rate a mention any more.
Having said that, i do think it is curious they havent pulled the trigger on a cap rasie yet (as they are in dire need of one). perhaps they are close to inking that elusive deal after all.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12
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