VEC 0.00% 1.2¢ vector resources limited

Anyone notice this on page 13 of the Half Yearly:(a) Included in...

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    Anyone notice this on page 13 of the Half Yearly:

    (a) Included in other receivables above is prepaid commission of US$150,000 (A$213,305) (30 June 2018: nil) relating to the FT (Fast Telekom) General Trading LLC facility, which is repayable if the first tranche of the facility is not drawn down.

    FT owe us rather then us owing them... they have done this well....

    Anyway reason I was looking at the Half Yearly again is I was trying to work out roughly the current cash position of VEC following the raise:

    Cash on Hand $40,000
    Cash Raised $2,638,000
    Total Cash $2,678,000
    Less
    $158,280 (Estimated Raise Fees @6%)
    $325,000 (Contact Nominee Loan)
    $150,000 (Temorex Partial Loan)
    $150,000 (Cuart Refinance Costs)
    $400,000 (Project Staff and Admin Costs - Q1 2019)
    $250,000 (Other costs - Exploration Etc)* My Estimate
    Current Cash Position $1,244,720 (estimated)

    Definitely not funded through to completion of DFS....

    Note they also had trade and other payables of $1,549,000 which are excluded as I dont know how much was repaid by the deemed issue to advisers etc.
 
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