More importantly debt levels of $50M are huge.
Secured loans from Orion and MACA as well as Lind - when it arrives are not a great sign.
On top of that there are current liabilities of $12M - $14M.
They were obviously keeping as much cash on the balance sheet before paying contractors.
End of the day, if this fell over, shareholders would receive little.
All they can do is produce 80,000 oz under $1400/oz AUD and pray that the price holds up.
No need to spin stories of resource upgrades, JV or divestments.
The only news that may move the market is BD resigning- but obviously he will try and bleed the company dry for as long as possible.
On 80,000oz @ $250 that is 20M in free cashflow, if not one of these debtholders will call in the debt and it will be all over.
DYOR
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