Actually the 30 June cash balance is more likely to be $70 million (based on $96million at 31 March less another quarter spend of $26 million with cost inflation balancing out any reduction in drilling activities)
$70 million at 30 June leaves probably less than 6 months before another raise as they won't let the cash balance drain anywhere near to zero before raising
Ann: Positive Regional Results at Withnell Calvert and Gillies, page-81
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