Woody, that is the difference between you and me. I don't assume management "lied about the debt" quoted on the Diggers and Dealers preso whereas you write your thesis around that assumption.
End of March QTR 16m in cash, bullion receivable, and dore.
End of June QTR 18.5m in cash, bullion receivable, and dore.
One month after the June QTR end
End of July as quoted in D&D preso 41.5m in cash, bullion receivable, and dore (debt A53.6m) your figures do not align with the company announcement.
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