It is going to be really interesting how market reacts to this.
Looking forward to what Canacord rerate this. They were expecting 29M in cash. There is 19.7M less 2.8M which they paid back in this month. Leaving $16.8M. Debt $36.2M. So net debt $19.4M.
Good news was AISC was a bit better than they forecast 1758 vs 1850.
Grade is still major issue. Why they continue to ramp-up 200,000 oz per annum expansion dreams when they can not even do 20,000 oz is baffling. KEEP IT SIMPLE and the rest will follow.
Cashburn is a massive issue with $15M - 20M capital raising not out of the question.
Maybe less if they can refinance.
early repayment may have been due to fall in share price and breach of debt covenants.
DYOR.
It is going to be really interesting how market reacts to this....
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