"So, they need $3.3m to repay $3.3m by end of March-"
or maybe they get it refinanced , I am guessing that would be the way to go , it does not seem that much money providing they can get a profit margin of plus $200 an oz which I feel is possible given the current POG , the exchange rate in their favor and hopefully a little better planning going forward by managment. Really though they need a lot better planning going forward by managment ie make sure they have licences up to date for haulage, they have consumables on hand for inclament weather (hire a tanker and have it parked at the mine prior to cyclones) maintenance is kept up to date , ore is blended correctly , dilution is kept within mine plan KPIs. Head count is lowered through reduced duplication and utilize the largest prime movers that are practical.
MOY Price at posting:
13.0¢ Sentiment: None Disclosure: Held