UM, I was simply quoting from the Chairman's letter in the annual report, as per the following quote -
"Funds from these capital raisings, together with a Research and Development refund claim totalling $3.2 million which was received in late August, have increased our cash resources to approximately $4.9 million at the time of writing this report, putting TNG in a capable position in the current market."
Everything else I said is based on the assumption that the Chairman's figures are correct as at the date of his letter. I am not interested much in the 30 June figures since I consider the updated position more important. If you have contrary evidence disputing the Chairman's more recent figures then I would be happy to see it.
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