date:Aug 16, 2012
us in this task. This process is underway and is anticipated to be completed by the end of the calendar year.
The Company had A$3.855 million cash as of 30 June, 2012 and has sufficient cash to conduct the business into calendar year 2013. We expect to use further surplus asset sales and existing cash reserves to support the Company to the point when we have restructured and refinanced the Company.
Our ongoing cash requirement will be reduced by the targeted JV or partial sale of the Kingfish