Unfortunately the R&D claim denials have significantly increased...

Unfortunately the R&D claim denials have significantly increased the risk of STX.

If WE and JAWS both fail, then in June 2019 we will have no reserves, stuff all cash, a $5m debt to Orica, $4m to be paid to CBA debt in late June and another R&D refund (2016) of a few mil that may have to be paid back.

The above scenario would be enough to send many companies into liquidation or delist, unless they somehow raise $30m (at what price?) to pay off the debts and do another drill in WA.

That is the type of risk we are dealing with. Do not underestimate it. There is nothing to fall back on if it goes belly up.