This guy gets it.
The equity raising presentation is more vague nonsense. $20m for "Provisional Coburn commissioning & working capital". $15m for "Growth projects".
Just call it what it is, another cashflow injection because they are losing $15-25m a quarter and have exhausted all financing.
DFS LOM opex is ~$20m a quarter. They just spent $22.3m that they call opex plus an extra $20.2m they are trying to pass off as not opex, So what is the new $20m for?
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