Surely the expiry in 3 weeks time of the Norfolk Facilty is an...

Surely the expiry in 3 weeks time of the Norfolk Facilty is an issue at play here? Lts look at the cash situation

Starting Cash before Funds In
$0.157m at June 30
Sept Qtr cash burn $1.3m (same as June Q)
= deficit of $1.15m

Funds In:
$3m from Clara on July 17
= $1.15m balance

Funds out:
$500k due to Rick Anthon on July 31
= $0.65m remaining balance

Cash available:
$0.65m cash
$4.3m headroom in Chairman's facility
= $5m

Cash needed:
~$1.5m to pay Dec Qtr running costs (slightly higher than June Q on the basis they try to restart production but dont sell any gold as usual
$5.75m due Oct 31
= $7.25m

Deficit is therefore at least $2m but with all financing facilities fully drawn
= equity raise OR Bizzell materially increasing his facility of last resort financing to this zombie coy OR another decent whack of convertibles.
Easy to see why auditors might be getting twitchy hence the suspension to resolve auditors concerns and/or another refi of the business

All adds up to more dilution for Equity holders....