Another point is that 30/9 cash balance already had project expediture deducted from it. BP33 boxcut, exploration expenditure etc used up in the September quarter.
So it really around $110M spare cash from the raise itself. $100M spare cash could have looked after the projects.
Then you have FY25 revenue too. So even if you leave out FY25 revenue (CXO management like the $100M buffer), $110M plus FY24 profits, should be able to do thr job IMO.
Banter and general comments, page-33970
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