2 weeks left, page-32

ThePiedPiper,

"They have to cough up US$6million to buy Buena Vista, so they are going to need cash from options as well as some extra cash so they will have to issue more shares, that is a given."

Cash at Bank per June quarterly:.............$2.1M
less: Net Cash outflows for the Sep qtr:....$0.5M
Cash at end of Sep qtr:...........................$1.6M
add: Placement of 3.5M shares proceeds:.$1.3M
Cash at Bank now:.................................$2.9M
add: Option Conversion proceeds to come:.$3.2M
Sub-total:............................................$6.1M
less: net cash outflows (3 qtr's.):..............$1.0M
CASH AT BANK: 30 June 2011:..............$5.1M

This takes us up to 30/06/2011.

RHM has to "cough up" $6M by 11 May 2011, of which $3M can be paid in RHM shares, which should be trading at, let's be modest and say, $1.50? Meaning less shares being issued.

So in summary, WITHOUT any further raisings we could still have $2.1M in the bank at the end of JUNE NEXT YEAR, meaning that a further raising IS NOT "a given".