I participated in the first 2 CR in 2020 but avoided the last...

I participated in the first 2 CR in 2020 but avoided the last two. It's not even the price that a CR is offered at but an unclear plan for the near future.

If we continue drilling, we need approximately 20 million A$ for the next two years.

We had 7.6m A$ in September 2020 and had 4 CR ( if I'm not wrong)

-May 2021 3.2m A$
-Oct 2021 5m A$
-March 2022 3.2 m A$
-August 2022 3m A$

At present, we have enough cash until Jan/Feb.

We spent over 24-26months more than our present MC.

Even if we win the DR case and miraculously get the money the next day, we likely need two further CRs.

We could sell the equipment and get cash for additional 3-6months, but this seems unlikely to happen in the next six months. At least, this is my understanding after the 7seven7 post.

The share numbers more than doubled over the last two years, and the math is simple we need more cash for the next 24 months than our MC again.

There will be severe dilution again, at least 2 - 4 x number of currently outstanding shares, before we start having any cash incoming from an operating mine.