Ann: Redmoor 2017 Phase 1 Drilling Update, page-57

$1.75M in cash and $0.6M in CRL, which is to fund the JV project. This is off the last quarterly.
Capital raise will eventually come no doubt as capex for projects will be required when they go into production. Previous raises were through RCF who supplied funds at a premium value. I personally don't see a CR coming at these levels and if so not to shareholders. Could be wrong but managment in the past have always gone to institutions and sophisticated investors.

Hoping that the company can secure a JV for their coking project as this will require the most funds. Redmoor will be co-funded with our partner SML. This will help cover 50% of the costs.