Those results that you quote were for the position at the end of...

Those results that you quote were for the position at the end of June.

I note that you conveniently cropped out the rest of that page which said

"On 6 June 2024 the Company announced that it had received firm commitments frominstitutional and professional investors to raise $38 million via a two-tranche placement.Tranche 1 of the placement settled on 14 June 2024 with the Company raising $14 million.Tranche 2 of the placement will settle 31 July 2024 following shareholder approval receivedat a general meeting held on 24 July 2024."

The cash from the raise is not fully incoming until after the end of the reporting period.

Even page 1 of the report says "A$25m cash at bank post placement and repayment of loan notes"

And again on page 5 in more detail for those that are report challenged

"Following settlement of Tranche 2 of the capital raising including costs, Ausgold will hold $25 million cash at bankafter repayment of Loan notes totalling $2.1 million."

Tranche 2 did not settle until the 31st July after the shareholder meeting. How therefore does a long term competent holder expect that money to be in the financials for the quarter ending 30th of June ???