The September quarter cash flow shows cash on hand of $2.034m.
Estimated expenditure for the December quarter is shown as $1.1m.
The sale of %5 of Artemis settled in the December Quarter for US$7m.
"Towards the end of the previous quarter, on 10 June, the Company announced that Rankin Trend had
agreed to sell a 5% interest in WA-360-P to MEO?s subsidiary, North West Shelf Exploration Pty Ltd,
for US$7,000,000. During the quarter the necessary regulatory approvals for the sale were obtained
and settlement of the transaction occurred after the end of the quarter"
Looks like they have $8m to me.
What have I missed?
no real damage, page-9
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