@Assumpta - they raised enough in July (after the june quarterly) to see them through to a farm-in.
However, more importantly, as part of the farm-in, they're looking to recoup 'back costs' of $3.5m (Slide 4 - 20 June presentation)
I guess this is another reason why they're going so hard - the pro's wont get a chance to pick up cheapies in another raise! They'll need to pay on market like us!
So - with $3.5m & a free-carried position after farm-in - there's no real additional need for funds
