What i'd like to see is their cashflow expenditure for July. Their cashflow forecast for July Quarter is their normal forecast of $450K or $150K per quarter, however they always seem to have a much higher outflow than this ($300K higher this quarter than forecasted with no explanation provided that I can see - may be due to transition to owner mining and Jemrok final payments but it's crazy how they aren't explaining this when we are tight for cash). ANW need cash from sales pretty much immediately in September or there will be another CR. If ANW don't play this right (which history says they won't) I can see Lind smashing the SP and offering another CN, I just hope it is another safety net one with a high conversion price at first.
ANW Price at posting:
0.7¢ Sentiment: None Disclosure: Held
