Total cash at June 30 was $24,737,000. Expected exp and dev...

Total cash at June 30 was $24,737,000. Expected exp and dev expenditure for Sept quarter was $8,500,000. Admin expense based on replication of previous quarter is another $1,100,000 leaving cash (net of any interest earned )at around $15,137,000.

Hope that contingent stamp duty liability of around $15,500,000 is not payable shortly.



Perhaps it is time to start retrenching some staff and go in to Big survival mode.

What an absolute shocker of a stock.

And to think at one stage there we were looking at a project bigger than Palmer and Martino's combined posteriors. ROFLMFAO