Last chance at 15c?, page-131

The reason they have low liquidity for 2 years now has been due to paydowns of debt.
Trade creditors were rported in Q4 as at U1.3M slashed from the U$31M previuosly.
Secured debt has been slashed since 2017 from U$31M to U$11.19M now and soon U$5.19M as at 30 Sept as scheduled.

The low liquidity hasnt been a problem and didnt require any CR the last 2 years as the cashflows were decent and in the last 6 months the FCF has tripled and PER dropped to 1.0 and debts slashed even more than expected.

With U$22M FCF in H1 as reported they have been raking in the cash due to the higher margins, higher grades, strong production and mill throughput at much lower debts.

last year the SP was 10c with debt of U$21M, creditors of $31M, AISC at U$1240, production of 12855 ozpQ
In Q4 and now SP is 10c, debt is $11.19M, creditors of U$18M, AISC of U$895, production of 19700.

Massive undervaluation here.