Cash at end of June - $14.88m
Cash spend July/Sep - $5.5m (committment to resource JV).
Cash balance therefore $9.38m less $8.38m (ILP settlement).
That leaves $1m as at end of Sept but with no allowance for other costs (e.g. admin, on going legals for Grimaldi etc).
Will need to do a raise of some sort or soon will be trading insolvent.
Not sure about the asset in Kupang. Would have been easier to grab a local WA gold asset - plenty of good ones still around. Too late.
Cash at end of June - $14.88mCash spend July/Sep - $5.5m...
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