I would like to buy this company but the messy balance sheet is a major deterrent. They basically need to refinance the rehab facility and this likely means upsizing from $50m to something like $80m (needs to be done by end of month?!). Then you have the WHSP facility due to 1 August (though this can get extended). With two mines in or entering care & maint and sucking cash (Jaguar & Mt Colin) one has to ask where the cash flow is going to come from to give financiers comfort that these facilities can be serviced. Cracow should be printing but given mine life has to recycle a chunk of cash flow into exploration/development (plus service EVN consideration) and Tritton has to continue to develop small pods... seems hard.. what am I missing?
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