So according to the last few announcements...$3million cash...

So according to the last few announcements...
$3million cash listed in 28 June presentation,
$1 million exercise of options in 11 July announcement, and
$9.7million from todays capital raising

This will cover the...
$4 million due 24 August, and
$2 million due 30 October to give us 70% ownership of Gullewa

Not sure on the timelines for the remaining $4million to acquire the remaining 30% but enough in the slush fund to do so.

In theory this cap raise gives us enough cash for 100% ownership with around $3million to progress drilling and other studies (minus any costs since 28 June). Alternatively it gives us 70% ownership come the end of October and around $7million for drilling and studies - with the remaining 30% to be acquired from other funding when actually required

Seems significantly derisked (at least from a working cash perspective) and I am hopeful the share price will reflect this soon