I had the same concern but it appears they have only credited 6950K for proceeds of the 12M capital raising to the quarter. This should mean another 5M to be received this quarter from the CR making the cash posn more palatable. Overall I am happy with this and hoping there are not too many teething problems with production. Some good further drilling results will be a bonus for the company.
Cheers
Pedro
SBL Price at posting:
2.7¢ Sentiment: LT Buy Disclosure: Held