Just for the sake of clarity the requirement for further cash raises is not clear as yet.
Under the current deal signed for gold pre payment quantum have committed only to supply "up to 10 million per month for 30 months". Deal commenced in September. They made payments in Sept Oct and Nov I believe then december payment never arrived. It was recently suggested it would now arrive end April, now that has changed to some time in may. Latest updates suggest payments will recommence in June/ July.
Which ever way you look at it the finance deal is not as clear as it appeared to be. We will not know now until June if this funding is real.
They are able to pay up to the amount but are also under no obligation to pay any further funds for the remaining time. If they make no further payments then CR will he required to fund mine.
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