Ann: West Erregulla Program Commences, page-16

Maybe the SP is hovering around that 7c level as that is the perceived level of the next CR.
Although IMO that doesn't make any sense to me.
They guys who paid 11.5c in the recent CR did so not on Jaws IMO, but a punt on WE with its 69% COS.
The Jaws well clean out happened after that and cost what, an unexpected $1m ???
So maybe people are thinking our current cash wont make it to see WE completed.

I often wonder this. IF Jaws is going to be such a winner, why wouldn't someone in the top 20 lend the Company several Million $$$ on terms, to get the company through, as I'd imagine CBA would be scratching the door down to get their money back for the disallowed R&D claim.
Now here is a real Canary in the coal mine question. Is the CBA's loan fully non recourse or do they have a claim on or over the Companies assets, If that was the case, you'd be hoping Jaws took way longer, to stop CBA wanting a slice of it. Secondly, technical  faults in Jaws ...... during the process .... actually support your evidence in an appeal against the disallowed R&D claim. Just saying'.... we don't know or have all the info here guys !!!
what i do know is STX are on track in 2 months to drill WE with huge potential ..... and the Market doesn't seem to care ATM. So we need to ask ourselves why isn't the SP moving ???