I realize they now have further debt on their balance sheet but it's long term in nature, they only need to worry about servicing it (not repaying or refinancing), and they have sufficient working capital to keep operations going. It's also guaranteed by Oaktree for the time being as well. They now have leverage, which they didn't previously have but leverage unto itself is not a bad thing. Looking at cash against debt and saying their operating funds aren't sufficient is a simplistic analysis (not saying this is what you're saying btw) and I would very much still consider that the piggy bank is currently full for what they need. Like you, I'm hopeful we'll see operations cover the cost of their entire operations and exploration works in the coming quarter.
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