Ann: Company Strategic Review and Update, page-42

I sincerely hope you are correct. However if it was true that net cashflow was "rising very fast" as you suggest, I personally doubt the company would have had to release such a bleak announcement including the following:

• "Bowen (...) will preserve capital amid tightened market and pricing conditions"
• "the Company has received constructive proposals from both lenders that materially extend the maturities of their respective loans"
• "the Company is managing its cash position closely and taking steps to negotiate payment deferrals where required"
• "the Company will (...) defer non-essential capital expenditure"

It sounds like things are getting tight, and I suspect they're aware that the equity markets won't be interested in a third ramp-up capital raise inside 12 months. The upside case here is if they receive material extensions on debt, further deferrals, and/or receive a takeover bid from TerraCom. However as the Money of Mine guys flag, Taurus won't stay friendly for long, and the change to the mine plan might provide short-term positives but will likely make the longer term more complicated. It's all very apparent why Gerhard and Matt were sellers at much higher prices, and both recently decided to leave the business.