Easy to do and tbo I respect your acknowledgment.Just reflecting...

Easy to do and tbo I respect your acknowledgment.

Just reflecting on your quick cash balance calc you suggested, and admittedly we don't know the full picture yet, but feel the following needs to be considered in that assessment.

The $1.34Mil left at 30th Sept is after $5.248Mil Sep Quarter Expenditure.



And we can see that some of the $13.5Mil Jul-Sep exploration and overheads may well have come from the 30 July cash on hand.


The picture is still extremely unclear however, but if we don't hit the JORC target from this seasons drilling then we delay the next payment round and another CR is a given IMO (and possibly even if we do hit target). While not my preferred outcome, I personally am prepared for this scenario and see it more as a delay, rather then a catastrophic resource fail. But I am sure the market will initial punish if so.

Personally, I am positioning myself to be in a nice place to get a large enough placement on any option offer, should there be one.

Anyhow good luck to all