Whilst I do feel cap raise would be prudent at some point - even with the recent deal, I also understand exploration activities are prepaid (as per Dave interview from last year), thus potentially explaining the fat whack of expenditure for drilling + exploration.
high expenditure this quarter may not be representative of ongoing cash burn.
or it may, depending on new and evolving activities.
which mean progress.
Ann: Quarterly Activities and Cashflow Report, page-5
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