Ann: Quarterly Cashflow Report , page-4

That's not right Winner. There's no sign of the cash being spent in the quarter. Rather they must have got the bond released, freeing up the cash. It probably means they need to provide more cash or guarantees some time before production. For now liquidity is obviously important so looks like a good move.

I bought a small parcel today. Bid above market and got whacked pretty quickly! Its does seem unequivocally cheap at the moment with a cap just over $20m, no debt, $6m cash in the bank, various physical assets and a decent resource and most consents in place. Port approvals look obvious catalyst and if they can get those then finance seems possible particularly with the lowest cost of the new plan. Although I have no idea what that cost actually is!

You wouldn't put your grandmother into this one but I think risk return is good here so I'm going to do a bit more work as I haven't paid much attention recently.