Ann: Austin Exploration Investor Presentation , page-20

Hi all,

Just wondering what the consensus is regarding the reason for today's investor presentation?

Must admit my first reaction was that a cap raise must just be around the corner(and although there is $12m in the bank, notice they must have churned through at least $9m of cash since 30 June).

From what I could tell, there wasn't a lot of new info in the announcement? Judging by the fact it wasn't price sensitive, there musn't have been anything material.

So what was the point of it?

Quoting EV as market cap "+" net cash was also a little concerning for me...particularly in light of past announcement errors.