All I can say is that they had $37m at the end of Sept, they now have $65m. But... only after printing a further 16.9m shares at $1.885 which raised $32m. So in effect, they have been producing for 10 weeks and lost $4m. A further 19.1m shares will be printed soon and add a further $36m, giving them approx $101m in cash. That gold pre-pay deal they have is pretty terrible though!
They def needed the capital injection to say the least. Will it be the last though?
Ann: Company Presentation - December 2017, page-2
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