"Why would they have to raise more money now?"
BLK is desperate for financial oxygen @Drugo. Probable reasons for the latest CR...
- Mined grades lower than expected.
- Milled quantity less than expected.
- Gold recovery less than expected.
- Gold sales less than expected.
- $1.625m cash payout to Lind.
- High AISC for the Sep'19 quarter to date.
- Delayed $10m SO4 payment for Williamson pre-strip.
Maybe they're still mine constrained.
Ann: $7 Million Capital Raising, page-69
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