Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

My initial thoughts, are, the ramp up is going fairly well.
Some issues, but, all are clearly being dealt with.
The grades look good, which is somewhat surprising, as I thought they would have been using low grade ore initially.
Lots of ore on the ROM pad (600k).
Exploration, hmm... I guess its still early days.

Cash position, perhaps a little on the light side, but... only because they just secured a project very cheaply.

As I read it, they have about $22m in liquidity, and expect costs of approx $40m for the quarter (production, etc etc).
So.... that is not a huge amount wiggle room. Yes, they sold some gold early July, so, perhaps $25m liquidity.
To continue with approx $10m as a buffer, CMM are going to need to sell (not produce, more than that) around 11,700 ounces for the Sept Q.
That sounds achievable, though I think there is still risk of a small raising. Not that I think CMM cannot get one done quickly. I am sort of surprised they did not just raise the $20m to pay for the aquisition.

Anyway, still happy to hold, but, I would not be surprised if we saw a little weakness in the near term.