their cash position went down compered to last quarter from $31.7m to $27.4m. I don't think they have enough money to fund the plant at Norseman so CR is on the cards. Also they forecast much lower AISC for next 2 quarters and going by their last 4 quarters there is almost zero chance to hit such low AISC. They'll do well if AISC is below $1600 over the next 2 quarters.
You are right people have to pay attention to what it means with some personnel leaving.. I would say PNR had to pay higher wages to attract workers at such remote place.
Still keep an eye on PNR in case management gets replaced with someone competent as I have no doubt Norseman and even HC are good assets if run by competent people.
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