Just going back over some notes that I had on this company. Does someone have the answer for the following?
According to the appendix 5B for September:
Cash at 30 September = 22m
Unused debt facility = 5m
expected cash outflow = (35m)
+ exercise of option in oct = 2.9m
+ sale of RC Rig in Oct = 2.5m
net cash at end of quarter = (2.6m)
Where are they going to get their cash from? What if there is another delay in production and first gold sale?
why sell ?!, page-14
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