$128m net cash is from the Sprott report. Of course they have some issues but -16m is complete overkill. Only concern for me is spheria has alot more stock and we could see it get cheaper before the inevitable bounce. In saying that the 50m shares they would have left would be a very nice starting position for a group if they wanted a T/O. I'm sure all the mid tier gold miners would be running the ruler over the asset.
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