So to summarise: A 6 month loss of $16.5m, working capital deficiency of $45m plus nearly $22m of non-current debt. And the GRE dispute still ongoing. The capital raising of $33.3m (before costs) will still leave a significant excess of current liabilities over current assets, unless I'm missing something. I'm not clear on how the company can pay debts as and when they fall due in the shorter term with this deficiency - can anyone enlighten me? (Unless net production cashflow is massive). The half year accounts state that the company's ability to continue as a going concern will depend on operations continuing with full scale mining activities and production being achieved, further capital raisings and maintaining Investmet/Investec facilities. Looks like a very big challenge.
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