Ann: Half Year Results Presentation, page-2

When we look at the figures the first line that grabs the eye is the loss of $36.9m, up considerably from previous year. I then thought about the money, While the following amounts have been rounded for ease i see-
cap raising- $133 mil
earnings- $15 mil from Queensland sales
total income- $148 mil

expenses $52mil to contractors, suppliers & including funds not directly related to PSD
ballance $70mil
Now i know these figures can be argued and further costs have been incurred since but there is still a sizable bank balance to pay for the works this 2nd half and should have the nursery ponds completed and possibly stocked.
( they could even use a couple of these ponds for nursery and the balance for grow out to achieve possible early harvest and cash flow)
I would expect to see a accumulated loss in line of $100mil within the next 12 months as development expenses are met and before any income from PSD comes on line.