Correct lol it's grossly misleading but they're allowed to put...

Correct lol it's grossly misleading but they're allowed to put that figure based in technicalities in the financials. A minus B = C, which is not reality at all.

They're still pouring money into the 2ktpa to get it up to scratch, with now additional things that need fixing or 'optimising'. Noting the plant has been fully constructed for a while now - the $436,000 they spent this last quarter was on improving performance and increasing production. Staff and administration of $313,000 needs be added as you have to include those essential costs.

It's fair to say they'll be spending at absolute minimum $1m the next quarter. That's just operational - it will likely a lot more, as it's not accounting for anything other than staff/wages and running/fixing/optimising costs, which are still on-going (and as mentioned above, additional things need fixing/optimising).

On top of that, every quarter they've been required to pay Puna Mining ($4.3m, $2.8m, $3.9m respectively in the last 3 quarters). The coming quarters will see no different in payments to Puna Mining.

Blind freddy roaming around somewhere here can even see they have 2-3 quarters left of funding.