Does seem to have some backing by these two holders - but they...

Does seem to have some backing by these two holders - but they must have bled some cash over the past couple of months and be either running pretty tight right now or possibly be in desparate need of cash right now depending on how things are going.

Going through the last quarterly cashflow statement it looks like cash was very tight as of then and thats without the recent problems.

They had only $10 million in cash and their production costs for Apr/May were $16 million, but according to the notes they didn't include June costs in the quarterly - I'm assuming they will be similar so around $8 million - so basically that $10 million cash if I'm reading it correctly was pretty much already spent anyway.

They haven't produced much gold in July/Aug (10,400 and 7000 oz) and if production costs are continuing at the same rate as well as development costs (which if I've read correctly were around $28 million last quarter but were classified as fixed assets rather than development?? - its a bit confusing) then it would appear that they will be needing cash. Its possible both production and dev costs have been a lot lower due to suspension of operations while doing geotech work - but that also means they are not building up new rom stock and have depleted current stock. The geotech work will also have cost money.

I may be misreading all of this as I'm no accountant - be curious on others opinions.