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Ann: Drilling Success Continues at Carr Boyd, page-138

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    $12 million in the bank from the start of next FY. why would you think or say a Capital raising is on the cards? The share price is low too, so no incentive there. We have plenty of money for OE’s over the next 12 months. You’re just shi!t stirring now. I admit ESR has its issues with the elephant but a CR isn’t on the cards and we have enough money in the bank again to keep hunting it for 12 months. This time next year we might need a CR but the SP then Will be wholly determined by what we have found in the the dirt over the next year.
 
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