Ann: Crusader Raises $8.5m in Oversubscribed Placement-CAS.AX, page-6

$8.5 mill, eh?
I think they still owe Macbank $5 mill, so if they pay that per stated intent, it will leave $3.5 mill.
They had $2 mill in the kitty at the end of last quarter....... expenditure for this quarter was projected to be $4 mill....... That leaves $1.5 mill + $1.5 mill expected from the coming SPP... = $3 mill going into next quarter, where $700,000 + will be needed for Admin..... (Our annual admin costs are $2.8 mill .... ) +$$$$ for pencils by the box for the feasibility studies ...+..etc, etc.
Expect another CR towards the end of the first quarter 2017, I predict, if not before.
Consider the dilution...

GZ