At the end of lay quarter the was about 11mill in the kitty. If all goes well with transfers their work wil start sometime during September the way I interpret the news flow. Then bills for the new works to developing the new resource start coming due around Decemberish and they won’t be huge as there is generally a ramp up period. Clearly no divi to pay for. Time will tell but I fail to see the need for a 15 mill cap raise.
Debentures are superior capital source due to the fees for cap raises. And it’s better when you are involved.
At the end of lay quarter the was about 11mill in the kitty. If...
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