now is buying time for the future....imo , page-70

They raised cash only 3 weeks ago at at 60% premium to todays closing price..... and it is for....

Company raises $A6.5m from largely UK and Australian institutional investors via placement priced at $A0.065 per share.
?h Placement funds will assist Company accelerate a number of key projects including drilling the J-51 well and the acquisition of additional acreage.
?h Funds will also be committed to installation of dedicated production infrastructure and production testing the NWZ 2 well earlier than budgeted.

Sorry Fluffy, but I don't think they have a cash problem.

Lets play Devil's advocate for a minute. If they don't have the cash for J-51, then they delay it slightly and let the oil from J-50 and NWZ-2 pay for it a few months later. That was the original plan before they raised the latest $6.5M.

It seems you are trying to point to armageddon, but I just can't see it.