cash at bank 31 March of $1.5 million. quarterly staff costs and...

cash at bank 31 March of $1.5 million. quarterly staff costs and admin of $550k; estimated June quarter exploration costs of $550k; my best guess is about now they have $900k in the bank. bank account is looking pretty slim so expect a raising in the next quarter. if the board comes with hand out the question that needs an answer is why is the board not talking about progressing a 2P reserve (or even a contingent resource)? the funding talk in the March quarterly of "pre-sales" or "debt" funding is a joke - they won't be getting any such funding without a 2P reserve. cottee should know that but maybe he is not reading the quarterly? with an expensive pipeline to build (no disclosure on those costs either?), perhaps management is concerned that the existing well results are unlikely to support any resource - will continue to watch this and hope i am wrong for the sake of existing holders