Slight addition - A facility of $70 million that cannot be utilised fully as the SP is too low their lender is only giving them ~$380k so they need to do an emergency CR outside that agreement to keep the lights on.
Also all the "deals" they have so far to mull over are B grade. Tier one folks haven't even been approached yet and won't be until toll treatment is signed off so yeah.....more dilution to come. I'm sure debt finance will still be secured by July as promised.
They implied in the quarterly heavy mobile equipment has been purchased. Would like to know how much has been ordered to date and at what $$$.
Imminent
Ann: Trading Halt, page-108
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