Ann: Investor Presentation AGM April 2019, page-35

Laz,

"Company has A$17m cash in hand (nett) and projected expenses of A$12m for the remainder of the year"

I read it that at the end of Q1 19 they had $12.5mill, with a forward work program projected to cost $12 mill? Or have I read this wrong?

If the above is the case, even with the ~$1.4 mill in bond refund, funds will be scarce without a cash back from any potential farm-out.

I'm guessing should a farm-out be secured with some cash back, this will provide a base from which a CR will be done. Just my guess.

Cheers happy hump day, it comes early on short weeks