From the unreviewed Half year reports:-"Management has prepared...

From the unreviewed Half year reports:-

"Management has prepared cash flow projections for a period of twelve months from the date
of approval of the financial report. Forecast cash inflows include funding from equity issues.
In particular, the Group is examining the following options for funding:
- A proposal for a significant equity raising by the company is being assessed by
directors.
- Negotiating an offer of a further FCFA 1 billion ($2.5 million) of funding from the
current bank project funder.
- Bassari’s Chairman and local management in Senegal have had discussions with
the current debt finance provider to the project (Coris Bank), to re-schedule and
defer repayment dates of the existing facility. A six month deferment was approved
by the banker.
- Further equity raisings to fund project development and working capital. The amount
and timing will depend upon a number of variables, including, but not limited to, the
success or otherwise of the matters noted above. The Directors will keep all options
open in terms of the nature of the capital raisings including share placements, share
purchase plan or rights issue.
- Commencement of gold production to generate revenues to fund operations and
loan repayments. The timing and extent of any production has been impacted by the
nature and extent of restrictions placed upon commerce, workplaces and import and
export of goods by the Senegal government in response to the COVID-19 pandemic.
It is understood that existing restrictions may be relaxed by September/October."

Mind you that the half year report was dated back on the 14th of September.
In saying that. Ian's cover letter on this report dated the 11th of September, stated that,

"The Company is utilising the deadline extension available to obtain, from its Senegalese
subsidiaries, additional information and documentation necessary to meet all necessary
financial report disclosures.
The Company will immediately make a further announcement to the market if it becomes
aware that there will be a material difference between its unreviewed half-year accounts
and the reviewed half-year accounts."

Looks like in the last 4-5 weeks nothing of material difference has been done to keep the boat from sinking.