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clock Created with Sketch. 16/03/24
07:59
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Originally posted by PBlonde:
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Rob, you know that this does not take into account the $25M raise which occurred subsequent to year end. They repaid approx $16.5M of loans on Saloro with that so that gives them a further $8.5M of working capital. I believe they also have the second royalty facility available but I'd imagine they hold off using that unless they really need it. There's also approximately $9.5m of current receivables and inventory (recognized at lower of cost and FMV/selling price) which should go a long way to working capital requirements.
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That money raised went straight to creditors based on that balance sheet...nothing left of thise funds...and still well short.
(20min delay)