Ann: Quarterly Activities and Cashflow Report, page-35

What are your thoughts on the cash position DB given FAR had ~US$35m at 30/6/2019 but have quite a lot of expenses over the next 3-6 months and they dont usually like to let the cash balance get below say US$15m?

The last cap raise was supposedly to cover drilling costs etc but the numbers dont seem to stack up (refer to my earlier post).

The interesting thing is the last cap raise was coincidentally for 14.99% of the shares on issue. Which is the most you can raise without needing shareholder approval. It seems the raise was just to get the most cash they could without shareholder approval rather than a specific amount required for drilling such as $30m.