Ann: Appendix 3B, page-3

Today's in specie CN interest payment 3B was always on the cards, but I must admit that I'm surprised they only announced $480k worth of gross cash raisings for the June quarter. I'm very interested to see the EOQ cash balance (per the the 5B) when it's released later this month. I reckon we're in for a greater number of working capital CRs this quarter - sooner, rather than later. Perhaps within the fortnight. At this low SP (with v.thin liquidity), I'd be drip feeding a lower number of shares issued per raising (e.g. 10M) more frequently. I'm certain that's the plan, but still scratching my head why only 2 x 10M working capital CRs were done last quarter.

All that said, I cannot help but think that the EOQ cash balance is somewhere at, or below, $1.5M!

It's like management are punting on a horse race outcome (i.e. the KDR prophecy).