0.002 Stack Cleared - here we go!, page-10

So can someone explain how they intend to go forward on this without a CR??

Last quarterly cash at bank = A$3.619 but which INCLUDES US$1.019M (AU$1.359M) of the consideration is held in an escrow account to be released to Triangle after the Ministry of ESDM or SKK MIGAS, provides written approval and notification of the Change of Control of the PSC. This amount is held by Triangle under contract and has been reported as cash in the March 2016 Appendix 5B (from March quarterly)

Therefore that suggests $2.260 million as at 31 March, less the deposit already paid ($820k) less the balance of the cost of the acquisition ($2.394 = $3,214-$820) plus the cash benefit to completion of $1.670M = $716,000.  Not a lot of running room.....

Market cap at $0.002 of $7M with little or no cash post completion.  Looks toppy already.....need to get cash out of the Indonesians pretty soon I would think.

DYOR