A back of an envelope calculation for settlement of share agreement with Lanstead for Dec17 quarter:
1.416 M at 8.86 cents ($1.772 after cons) theoretical amt ($472K/month)
1.5 M is Neuren's 4C estimate for the quarter
1.92M is my calculation (Oct $500K - price aprox $1.8; Nov $670K - price aprox $2.5; Dec $750K price aprox $2.8)
Theoretical Remainder 14 instalments @ $472K = $6.61 mils
Actual Remainder at current price $3.36 - $895K x 14 instalments = $12.53M
Of course price will fluctuate, that's just a reminder of where we are now.
evidence, page-71
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