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matt666Where did you pull the 7-8mil cash figure from? REDs...

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    matt666


    Where did you pull the 7-8mil cash figure from? REDs statements show 5 mil cash + 8 mil drawn but unutilized debt facility.

    Yes but that was at the end of previous Q. Now they've forecasted $17M expenditure for current Q so about $6M per month. October is gone and plant was mostly shut for that month so my rough estimate is $13M - $6M = $7 plus sale of gold for last month which is minimum. So $7~$8M could be bank balance right now.
 
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