Usual sh1tshow of a balance sheet - negative quick ratio a bad...

Usual sh1tshow of a balance sheet - negative quick ratio a bad sign, and thats even excluding the $6.9m payment due to GT vendors that is now Current. The generation of operating cashflow is pleasing but after capex ($4.4m) and exploration ($1.7m) it burnt cash as usual and then there are the $1.3m in interest costs on top of that. Bizzell and mates dont care about divs, just keep loading it up with convertibles that rank above poor shmuck equity holders
Even with cap raise post balance date the mismatch between current assets and liabilities is obvious. Knowing this lot a bunch more convertibles coming.