Hey Capt
Agree totally with Barry
And some financials
Cash as at 31.03.09 was 4.6M
Cash burn was 19.6M for the 9months YTD and 8.4M for the current quarter (to Mar 31)
With projected 6M for the coming quarter (the one we're now in)
6Mill per 3 months with one month down means we've used up 2Mill of the 4.6M
There is a covenant in the RCF drawdown that requires working capital above $3M. How close to breaching this covenant are we ? Which leads to Barrys ?? who is going to be tapped for the 30M at a 20%discount to the VWAP. And if these numbers are correct its easy to judge when it will occur........ soon ..... very soon.... and the price it wil be... my guess 90-95 cents.
Hey CaptAgree totally with BarryAnd some financialsCash as at...
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