We took two "hits" impacting the cash balance at June 30.which...

We took two "hits" impacting the cash balance at June 30.which stood at USD 26 mill. Firstly the delayed lift from the NZ operation into the current July-Sept Qtr, so thats probably done by now. Roughly speaking that lkely shaved USD 10 mill from the cash blance which will be added this current Qtr. Then there was a drawdown USD 26 mill from the cash balance. Checking back I note the consideration for our 25% of Mereenie was USD 27.6 mill plus 5.8 mill in deferred and contingency payments. So that 26 mill we paid back has covered all but 7.4 mill ( more or less). On this basis the cash balance end Sept should be looking very healthy again, upwards of 40-50 USD mill. Given the divvy is normally paid in October, a 1c divvy ( Australian currency) would cost about USD 10 mill. That would not be a hard stretch for the company to outlay. on the basis of the above. Somehow I dont think we will get another 1.5c divvy this time around and hence the comment in the Qtrly about future divvy being "evaluated" . A subtle way of preparing us. I note back when the Mereenie acquisition was announced there was a statement that the financing structure would still enable ongong distributions, only question is what the upcoming one will be. I'm assuming 1c. 1.25c would be super nice but I would rather be conservative and say 1c.