What you are saying re cash burn is absolutely correct tooli.
What I don't get is why no Major holders have jumped ship -sure, van eck sold a bit ,but they have been buying up over time and I note their connection with Minton Elliston ( ..and, in- species movement of stock /payment between them, so maybe there is a loan/bots deal going on there!)
IMO they (SLR) have holders by the short 'n curlies regarding a future capital raising !
If one still holds ( which I still do- not so much as a few months back) then what are the choices a man has re a c/r?
You take it up -punting POG will rise/aussie dollar will fall (which is what is happening presently) and if c/r is not subscribed then CO is deregulated/possible receivership= MAYBE get .005 per share in 6/7 years time !!!!
What can I say ???
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