Ann: Quarterly Activities Report, page-15

Quick calcs
current cash as of start of July 75 m AUD
end of July cash approx 81
end of August 92
end of Sept 103 m plus
( I minus exploration costs from above )

so HZN will have approx 6.7c per share of cash by end of Sept
I think distb announced in Aug and probably paid in Sept will be 2.5-3 range with another similar one in Feb

the next 6 months likely to deliver 65 m AUD in cash flow of 4.06c per share so one can see cash will be growing quickly , very close to .7c per month . By end of Dec even if 3c paid out now , cash reserves will be over 6.5 per share again !