It looks like no sooner than the SPP is complete ,RAW will need to put their hand out again for more funds
I see the SPP only raised $344k compared to the maximum desired amount of $2.06mil.
If I understand there cashflow statements correctly, at the end of Sept qtr they had $1.69 mil cash
In the Dec qtr they drilled Bellbird budgeted at $900k plus ~$100k admin leaves $690k
In Dec qtr they raised $450k in a placement plus $344k from the SPP boosts cash back up to ~$1.484mil
Jan 2007 they drilled Appardare. I assume they were funding 80% of the drilling cost so combine that with the March qtr admin and it basically wipes out the $1.484mil. ?
I could be wrong but Dec qtr cashflow report will be interesting
RAW Price at posting:
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