You are right, it was my interpretation that the PR said funding in addition to the RO would be required to begin drilling.
I think we can agree that it says such additional financing would be sufficient to begin drilling; looks like a matter of interpretation as to whether such financing is necessary.
As others more experienced than I on this board have suggested, time will tell.
I hope I am wrong and you are right.
With the RO ending July 30, we should know soon enough whether Mr. Bendall is buying his shares with much needed cash or debt to equity conversion. Hopefully, cash -- indeed, does someone know how much the company owns Mr. Bendall, and under what terms (eg is there already a conversion option, and at what pps)? Likely in the financials, but I haven't read them lately.