When SP was at 50c last year debt was the best option for cash...

When SP was at 50c last year debt was the best option for cash (to do Umiat). With the SP healthier a CR is a better option (to do some new thing).

Some remote possibilities for cash requirement:

a) Gasifier 6 in Wyoming - if approval of R&D trial is imminent they will need cash to construct.

b) Exxaro project - if Linc want to participate in the project they will need funds.

c) Umiat - need to park rig over summer

d) Teresa - want to get it up and running?

e) Chinchilla to commercial operations on basis of QLD UCG announcement?

Lets see what pops out.....