TNG said previously in may this year;"Forecast cash expenditure...

TNG said previously in may this year;

"Forecast cash expenditure for the remainder of the quarter is $1.9 million (cash expenditure of $1.5 million has been incurred to date)".

I make that to mean $3.4m would be the spend in the quarter.

The quarterly shows only $1.731 in expenditure.

I assume that is because of unpaid liabilities of approx. $1.7 as at 30 June, so the real net cash number at June will be an interesting number when disclosed.

The projected outflow for the next quarter seems also to be strange given the previous statement.

Something is not correct with one or more of these statements.

I am confused.

I wonder if the numbers are really

current cash 2.8
creditors (1.7)
next quarter spend (1.4)
SPP (only 1m so far) 1.5
R&D 3.5
Projected cash at 30/9 $4.7

Is that enough to complete the DFS and keep things running?

UM