how can you say that when they only have $10M in the bank and they havent hit nameplate and you dont know what their costs are going to be for the quarter?
I hope they don't need a CR but it's very likely they will. See my posts from yesterday. If they can sell 25k tonnes (including the 10k already sold) in this quarter then they might not need a CR but that is a big ask as they only produced 10k tonnes in the last quarter. that would be revenue of close to $25M but their costs last quarter were $35M.
The very reason they are gioing down is because of their cash position and the last quarterly cash flow has crystalised it for me. IMO
AJM Speculation, page-249
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