Ann: Quarterly Report for the period ended 31 March 2018, page-5

does not seem they are in any rush to grab a project here, and almost 400k for the next 3 months seems excessive for a company pretty much sitting on their hands looking for a project, at this stage they should be keeping costs to a absolute minimum so the cash can be put toward a project and less dilution would be required.

so I don't think they are currently running the company to the benefit of current shareholders
and looks more like a cash box with 134k going into their back pocket's each quarter, also has been 4 months since the deadline for the extra money, imo is certainly not a good look for the company.

sure there will be money to be made here when they finally pick something up but is it worth the opportunity cost of waiting, and will they still have a decent amount of cash to put toward a acquisition?