Cash earned at the moment is going into the payment of the ongoing drilling, capex for life of mine expasions by the looks.
They have also sold down some of their stored diamonds.
Again today we are selling the on going steady downtrend with no signs of changes. Basically no buying demand, really need diamond prices to increase as the story atm here is too hard of a sell.
Huge surety bond
Debt
convertible notes
Issues with mine life ( hopefully getting resolved)
Multiple small deposits most of which have limited mine life (under 5 years) and need new mine plans.
all this stuff is currently scary for any potential new holder.
if diamond prices were over $105-110 a carat would make things a lot easier at the moment.
Possible M&A?, page-33
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