COB 2.90% 6.7¢ cobalt blue holdings limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

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    If you look into the quarterly breakdown big chunk of influx of capital has been from Options conversion to Shares (last 3 quarters), which has helped us to progress financially, also we've spent quite lot lasty 2 quarter Exploration and Evaluation activity and this looks likely to be continuation for as long as company carries on their development side of work.
    Government grant of $15M would be milestone reporting requirement payments, off course we are looking forward to this money.
    I can see Capital Raise on the near term horizon for us to carry on. Management got the clever way of avoiding this question when asked in CRUX investment. I got no problem with that, I'll support management. However, in-terms of progressing as a company is very slow from investors point of view.

 
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