The company had $600k at end of Q and has since raised $300k. Cash from 30/12 = $900k.
No drilling underway or was scheduled so the cash will hold. cf another $10 mill capper with $614m cash saying enough for 2.25 Q (RR1)
Talking about a non existent cash crisis is what is plain stupidity.
Just wait to be advised how cash will be raised for the next drilling program. I've got lolly to go on a SPP if that comes my way.
Ann: Maiden JORC MRE for West Desert, page-94
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