I'd say the problem is the 1.5 million on administration...

I'd say the problem is the 1.5 million on administration outflows every quarter. Its not warranted or sustainable. There spend on development by comparison was pitiful. they should be in a good position, given that they have cashflow from their developed mine, ie: they could explore and develop using internal resources, thus maintaining a concentration of capital for existing holders. But as it is, they are heading for another capital raising.