Cash was $1.1m on 30/6/23 then raised $2.4m in Sept 2023
Cash was $2.9m on 31/09/23
31/12/23 = $2.14m
31/3/24 = $1.44m
They would be down to $1.1m now having only just started drilling after having $2.9m in cash. I think the rig only cost them $250-$300k from memory. He's usually frugal but they are in a bad spot at the moment. Need to pull a rabbit out of the hat or a nasty CR is coming.
Ann: First Drill Hole Started in Brazil, page-681
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