Short Term Trading Week Starting: 17 Oct, page-169

Correct. $9M cash and fully funded for the two projects to JORC stage. Should see holes in the ground for both projects this year, so really seems to be a case of how far forward the market wants to frontrun the action and get set. Like I said though, two decent sized raises within a few months of each other and a good portion of the insto demand would have been via those CR. Not surprising to see a type of stand-off, until the action starts. Could go lower too, if Hartleys/Pershing put some large bids a couple of cents below and a larger holder takes the liquidity and runs.