You are absolutely 100% correct NYTRYDA.
AYR spent A$464,000 in the calendar second quarter, leaving cash balance at June 30 of A$1.265 million.
Assuming they spend the same amount in the 3rd quarter then the cash balance will fall to A$800,000 at Sep. 30 and if the same spend happens in the fourth quarter then we'll end the year around 350 large.
So you're right: there is some leeway, a few months by the look of things.
Ann: RC Drilling Completed at the Django Prospect-AYR.AX, page-64
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