Well at least it wasn't the typical cut and paste job.3 million...

Well at least it wasn't the typical cut and paste job.

3 million capital raising, 1.8 million left on the credit facility, 5 thousand cash in the bank and a further 500 hundred thousand unsecured loan from Maroon gold. 

So over five million dollars will be available after the AGM with estimated expenditure for this quarter just 500 thousand dollars. So after this quarter we will have 2.5 million in cash with a further 500 thousand available interest free with another facility for 1.8 million at 10% interest. Also the convertible notes attract a 15% with up to 400million to be issued.

If the notes are converted into shares in 2021 we will be closing on 5 billion shares on issue. 

Agreement in principle with TPAC, with TPAC seeking the consent of the native title holders to enter into the relevant agreements. 

Would have liked to see the money being projected to be spent this quarter on ramping up Agate Creek, the costs would have to be material and they weren't included in the projected outgoings so it seems we will probably be waiting until after the wet season to start mining.