back of envelope calculation I have is loan payment of approx...

back of envelope calculation I have is loan payment of approx $4M (2.5M x 15% interest p.a x .715 audusd).
so leaves you with $4M AUD left in the bank. taking out normal cash burn for march quarter, we should end up with $3.4M at 31st mar 2019. And about $3M 30 June 2019.
we get no upfront cash for cuba farmout but get $3.5M USD back slowly if there is plentiful black liquid. So let's not count this 3.5M just yet. I don't expect cashflow from IO until 2021 (happy for you to tell me I'm wrong)
so my guess is if there is any CR, they'll time it with the first cuba drill. question is what will they need CR for? maybe for more drills in cuba since government is giving away land for you to drill and explore.
leaves us with Beehive 3D data to surprise us in Feb, it has to be extremely bloody good for anyone to be interested in buying out our %share. How much is it worth?
I don't hold alot of hope going by what management got for NZ and upfront for Cuba. Good news is that the drill operations in Cuba and possible Beehive are out of management's hands, so there's still HOPE.