I already asked Ryan about that.. Now let's see if I get an answer someday..
I just calculated with my spreadsheet what we lose with a sp of 2.70 and an aisc of 2.50 (because this time the costs are much higher as we can read it out of the ann.!!):
The result for one quarter on the cash would be a negative cash of 3.7Mio per quarter!!
So for this and the 2nd quarter I assume we need about 7-8 Mio as a short/mid term injection and maybe 2-3 Mio more for extraordinary costs to be on the safe side! So we maybe need a total of around 10 Mio for the 1st half 2017 to pull us back to the road!!
And this scenario IMO is just a best case scenario!! But I hope this will end the "badside story"!!
TGS Price at posting:
4.9¢ Sentiment: None Disclosure: Held