what doesn’t make sense to me is why they keep pre paying for...

what doesn’t make sense to me is why they keep pre paying for the next season when they are sitting on payables lol…
any sane management of junior explorer with no cash flow will try to balance the book with less liability rather than paying for the next season while sitting on few millions of debt.
and if they really have prepaid anything, their financial statements will show it as an asset under general accounting standards, correct me if I’m wrong…

IMO they are using the term ‘pre-payment’ quite different to how general public use it.
I don’t know if they used it to cover their incompetence or they really believed it should be considered as prepayment or they actually made ‘significant’ prepayment they can’t disclose for some reason.

Wonder what’s stopping them from providing a list of pre-payment made for this year and next year? When they are quiet the market will always assume the worst.