Ann: Karara Operational and Funding Update , page-14

Its definitely a setback.. but by no means is it a disaster

I did say that if GBG had less than $40m in their bank, it would likely result in some sort of capital raising. So the fact they have $10m left and have been able to avoid a capital raising (or effectively negotiated one at 45c), its definitely not the worse outcome.

So back to the waiting game, which is better than having to cough up cash to keep this baby going