trading halt, page-12

I think that the CR was inevitable. Unless they had significantly higher cash coming in over recent months, a cash flow squeeze was coming.

The 2012 figure is based on the trajectory of the most recent reporting period (although would be offset somewhat by higher average price of gold on sales).

Cash flows:

Cash position:

I'm not invested in SLR, although I do watch it and was going to buy in at $1.75 (stupid me). My understanding is that increased production is coming on-line and therefore cash from operations should be increasing substantially.

Unless they have other plans as well, I'd guess that they would need around $15m or so.