Good to start getting into the details. Does the entity expect...

Good to start getting into the details.

Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Operating cashflow for the quarter was: ($846,000)
On this basis the company has 4 quarters of funding left - Prior to the additional placement funding agreed upon at the general meeting.

As at the end of the quarter, XTC management had an outlook that the subsequent quarter will have seen further cashflows from investing activities and so it would have prudent to mark the answer for 4C item 8.7 as 1.0. (in my opinion)

Since then however we have seen an announcement for Improved Acquisition Terms. During this quarter we may also be seeing increased operating expenses due to drilling and further exploration expenditure.

All in my humble opinion however if the investing activity alleviates from the cashflow, and operating costs remain ~$1m we aren't in as dire as a position as you would suggest.

IMO only, NFA, GLTAH