Just to clarify one thing the new options have a strike by mid...

Just to clarify one thing the new options have a strike by mid 2020 not mid 2019, however as we know that will bring $3m into the kitty and some no doubt will exercise earlier,

There are also as we know the 14c and 15c (dmi insiders and blue sky basically ) options which have already been the subject of some conversions.

So to confirm :

-we had about 2.2m or so in the bank at the start of this quarter and we are due to spend $1.7m leaving around $500k at the end of this quarter. On the face of it, seems like "really big problems"...….but Tim Shaw joins us on the line "but wait there's more" says Tim...…

-we have options as follows:

-3.125m at 15c expiring 29/11/19 to raise $470k
-24.77m at 14c expiring 31/12/19 to raise $3.5m
-5.35m at 60c expiring 31/8/20 to raise $3.2m

That's a total from options over the next 18 months of $7.17m

That's a lot of money!

Further we have a $5m facility we can call upon.

That's in built funding over the next 18 months of up to $12.17m!!

I would like to see the $5m facility used as and when needed and I think you fill find the 14c and 15c option brigade will continue to exercise a lot earlier than November and December this year.