Upvote for the royalty comment, but in the quarterly, they mentioned cash and cash equivalents, which I believe excluded Bullion on hand which they said would be sold just after the quarter. So I don't see why they wouldn't use the same definition for cash and cash equivalents now.
30 June:
They had $8.9m 'cash and cash equivalents' plus $7.2m bullion = $16.1m.
8 Sept: 'Cash and cash equivalents' of $16.1m, bullion undisclosed. If they pour every week, then I assume they have at least a little bullion, maybe more.
It could be that due to refurbishment timing, there were no major outflows due in these past 2 months, so easy to keep cash stable or accumulating. But it's a lot better than running down the cash. So no clarify on changes in bullion levels or debt levels.
KCN Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
(20min delay)