Extra money was needed and Sentient did provide it on relatively good terms. The problem is that almost $200 million has been spent on studies but nothing of real consequence has been released to the market.
For whatever reason the company has decided to stop actively promoting the mine or releasing information as it becomes available(eg a resource update). From a legal standpoint they can probably stand by wanting to make sure they have a complete and rock solid DFS, or even a fully funded outcone. Unfortunately the market doesn't like the approach they are taking.
They seem to be making headway in cutting costs but without any formal release or commentary on their cashburn they could ask for another 20 million in six months.
On a more cheerful note, If the price stays where it is until December the relative dilution from interest payments at 2c will be lessened by all those not wanting for their EOY Warrants.
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