cash holds the key to riches, page-3

Hi PP. Don't forget those Sept options. They don't look good atm but a lot can happen in 6 months. So IF they do end up in the money and IF the directors exercise them, that will be a very handy cash topup.

Plus, I thought the indications from the agm were that the company is expecting payment from Vale in the 3rd quarter. We shouldn't count chickens but they would have a better idea of what is likely to happen and can plan accordingly.

Capital raisings aren't bad but we don't want one at this level. So the sooner we get financing and production certainty, the better imo.