Yes I agree and that's why I say we need a CR now. And as you rightly say cash will be very tight. But no room for the extra drilling required for BlueSpec.
The cash on hand of $26m in November presentation is required firstly for BlueSpec - $18m by March2021 -and then the costs for the scoping study. AND then we have our contribution to the plant of $10m which hopefully is already taken into account from previous works butmaybe not. lets say we didn't take into account the early works this
leaves $5-8m for drilling, admin - lets say $2m for the Dec quarter leaving $3-5m for the whole 2021 year. Therefore we can't afford to do anymore drilling = no news, hence the share price trading in this range for a while.
IMO We need to do the CR soon and do it at the same price as before but it need to be at a discount to market.
Yes I agree and that's why I say we need a CR now. And as you...
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