just a few comments to counter this 1)renewing the 10% facility...

just a few comments to counter this 1)renewing the 10% facility is standard prudent management 2) USD58mio in the bank as of end of last quarter , with company projecting net spend of $12mio 3) a management team that has clearly stated that if they needed more funding for a large project they would finance with specific debt rather than equity raise

unless you are aware of something non public then the talk about a cr soon just doesn't make sense (if there was dramatic problems then reaffirming $105-115mio guidance last week would seem unlikely)

dont get me wrong I am unhappy with share price performance , and you are right there seems to be a lack of buying interest but also remember the top 20 holds over 72pct of the company and we haven't seen any notable shifts in their holdings , so from my corner I will add a little more if we continue lower but will certainly remain an investor until some actual facts change