Dec qtr should have been profitable as long as they produced the...

Dec qtr should have been profitable as long as they produced the modest quantities in my projections.
ANZ Enviro guarantee facility of $50mil has to be replaced as ANZ want out and State Govts are calling for higher guaranteed Enviro amounts in line with increasing amounts needed to rehabilitate sites.
In addition, Aeris has a need for large amounts of development capital to proceed with probable/possible developments at Stockman, Constellation, Jaguar and Barbara - you shouldn't rule out the possibility of a large equity issue in the not too distant future.