Siameseparrot; When they were raising the $108 million they never mentioned in using $30 million of that money to pay the recievables and payables debt.
The question I pose is where's the $23 million they promised to finance developing other ore zones particularly gidgee to keep enough ore to the plant.
It seems to me the whole $108 million raised was to pay debt and just be hand to mouth operation.
$70million(sec notes&other) + $30million(pay&rec) = $100million and what we still owe another $14 million and that was at the end of November, what will be left at the end of the year. Interesting qrt report.
But on a lighter note good to see Apex up 10%, go you good thing.
AXM Price at posting:
3.5¢ Sentiment: None Disclosure: Held
