Hi rabbitoh,
I understand where your question comes from so please don't make it look liked you heard it from someone. I can answer your question. AXM did not include the June production cost in the June Qtrly (about $8 millions). These costs will be paid in July. Is that mean AXM will have no cash left in July? No, they will have the July gold sales proceeds to cover the June cost.
Regards,
TT
