BRN's cash equivalents as of the last quarterly Announcement.
They had around $15million including the unused finance facilities as per that Announcement, aka, funding for 4.6 quarters.
The ''new'' announcement yesterday has added to this, but if you believe the garbage posts that pretend for BRN to be cashed up to the tune of $50million you're in for a surprise.
Funding available is just that. Definitely not cash in hand. And that obviously come at a cost which is more share dilution.
I bank with Commonwealth, if I need a loan, sure CBA has the funds available which I am eligible for, however that does not mean I have the money with me, yet.
The above screenshot is from BRN which was declared to the market so dyor.
Ann: Capital Call Notice, page-40
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