Yes it looks that way, I don't know why Andrew didn't make reference to it at the end of the quarterly which is a common practice for such events after the end of quarter. Anyway, that should give us about three quarters of funding, so long as the higher expected level of activity doesn't blow it sooner.
The market in general, particularly for the smaller stocks, seems to be getting hit pretty hard lately and way oversold with some of the smaller stocks for example trading close to or below cash backing. I have previously seen this type of activity occur in the lead up to a US election and so assume that may have something to do with it, in which case the market will usually bounce hard immediately once the result is known.
In theory we may not need to raise until first quarter next year however knowing Andrew he will want to do it sooner, but hopefully we have enough for him to wait until after the election.
GBR Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
