early production, page-11

Well for one, it doesn't say they have used all their funds in the bank. This may be the case , we don't know.

All components of the loan account for $75mil which $20mill has been drawn down.Now this $20mill could be for the next 2 months(as an arbitary date)not the past 2 months,paying bills etc.Once again, we don't know.

I think you guys are reading a little too much into things.
Sure you can read between the lines sometimes, and that what is the problem with the wording of this announcement.They need to be very specific with their wordings these days as this is what happens.
I would definitely say another cap raising is out of the question though.

I am sure the banks would have made sure that this was all they needed as part of their commitment to issuing the loan.