Ann: Quarterly Activities and Cashflow Report, page-4

Pound, have to agree, it would be very unwise of ABU to not have a larger pile of cash when they commence production (in case there are any further issues with the plant (i.e further mods) or other unexplained costs or possible opportunities that ABU might like to take advantage of.

At a guess, with the POG up strongly, now would be a good time to do a small placement (at a guess, to Insto's for perhaps another $10-15 million).

I have seen toooo many small caps not have a strong warchest just before they go into production, and have to do capital raising after capital raising to tide them over until they are actually producing a strong positive cash flow. Even BDR with its $300 million market cap, had blow out after blowout initially (although they were building a mine versus refrubing, but then... AXM spent over $200 million refurbing a plant, and they went under).

Anyway, just sharing a couple of thoughts in an attempt to get our of doing real work.