It's hard to say what's going on in regards to their cash. Going by the reports HAV put out they should already be out of money.
They have $1.5mil in gold sales for Aug and Sept but they have expected expenses of $4.2mil for the quarter.
Even with $880k in the bank and $450k from Bergen they are still $1.3mil short for the quarter. They also need to find $1.6mil to pay Bergen.
Unless I'm missing something here I just can't see how they are paying their bills. It would be nice if they could clear that up for us before the 31st.
Ann: High Grade Drilling Results at Portia, page-4
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