I doubt they will be paying tax as they have $18 million in accumulated losses.
As they just raised $7 million they also have $8.5 million in cash according to the quarterly and operations generated cash in June quarter and presumably in the current quarter. Repayments of debt are spread out with $US 2.5 million on 5 October, $US5 million 3 Feb 2021 and $US6.5 million on 5 April. Directors have said they can repay debt when falls due.
They may need funds to accelerate exploration or if they decide to build a plant at Mt Boppy, but as long as production goes as planned they should have enough cash to repay debt I would have thought. Rising $A also helps as debt is in $US.
Ann: Initial Depth Extension Drilling at Mt Boppy pit, page-62
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