The cash balance for Dec 31 in the quarterly (released 31 Jan)...

The cash balance for Dec 31 in the quarterly (released 31 Jan) was $1,483k.

BUT

cash balance for 31 Dec in audited accounts (released 5 March) was $1,102k

The difference of circa $400k has not been explained and investors could be excused for making decisions over the last month based on the quarterly (eg assumption on run rate and time period until next cap raising)

Also note 8 in the half yearly report indicates another US$550k has gone out the door since year end. Given the high admin costs ADD runs for a micro cap it must surely be about to do another highly dilutive capital raising. Some promotion of its projects or changing of the guard to improve credibility would be appreciated before this happens.