Things seem to be moving ahead fairly well with financing/offtake discussions judging by the commentary. Cash balance is about what I was expecting but I didn't account for that $1M payment to department of Mines and Petroleum (ONHYM).
Seems like they will burn about $2M if next quarter is anything like this one. Will be tight on the cash balance front but still can't see them going for an early capital raising assuming they can get financing concluded by end of the year.
Interestingly, 500,000 shares offloaded after the report but still someone willing to take anything on offer at 8.0 cents (as has been the case for 2 months now).
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