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Originally posted by Hiddenvalue:
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If and unlikely if the fee was capitalised this would still be reflected as trade creditor balance and part of the WCF as at 21 Dec. If accounts payable Maca included the capitalised fee amount, this too would need to be under 12 million by the due date. If it wasn't capitalised to the creditors balance then it would have to be reflected in the debt to Maca which has been advised.
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I think even a miserable 15K oz quarter on sales of $2.3K/ oz will keep the wolf away from the door based on $6 mill. cash and bullion at the end of last quarter anyway. A lot of capital expenditure has been done last quarter.
