Ann: NTL Quarterly Activities Report incl Cashflow, page-6

Yes Fatboyj good point it goes to this issue:

NTL said: Available cash at hand: $17,328 + $623,067 = $640,395 (excluding the $175K government bond).
Translate: Despite having proclaimed earlier in capital raisings we had enough to get us to production, had we not done the emergency raising of $570k during the quarter, we would be out of cash. But don't worry if you missed out we will be mining shareholders for more cash next quarter.