from what i know they are sitting on $10.6m, plus whatever they...

from what i know they are sitting on $10.6m, plus whatever they have left (if anything) from the darwin drawdown

Spantrout, this was from their last quarterly to end of June

Cash on Hand: $7.4mill
Expected Cash Outflow for next quarter: $6.1mill

So to end of September, $1.3mill left. I noticed they drew down another $2.1mill in July so $3.4mill. It's now end of October another month on. I suspect with the longer than expected drilling and cleanup time that expected cash outflow may have ballooned a bit. I am pretty certain they'll need more cash very soon. Whether that's via another drawdown or via a standard placement I don't know but either way it's going to cause some decent dilution now with the share price so low.

Maybe I am wrong, maybe it is being manipulated down but for what purpose? The 77H results weren't as positive as expected and lots of money is needed for the next well foray.