No. They had $24.2m cash at the end of qtr with $2.5m in trust....

No. They had $24.2m cash at the end of qtr with $2.5m in trust. The other $7.5m had to be paid this qtr.

$24.2m - $7.5m - $10m balance for royalty = $6.7m left.

It appears Thalanga will lose money this qtr and Hillgrove will also draw on cash with negligible production. Costs will increase at Thalanga with additional Pybar resources.

My view is Hillgrove is unlikely to produce income till June qtr ( April,may,June )

Theres little doubt they will have to draw on the facility or other means of funding ...... CR, never say never.