The $60M is already allocated = spent.
See the presentation from last raise.
There was an intention to pay down $11M debt, maybe this will change?
Interest of 9% on US$138M, 12% on $18M.
They aren’t just keeping the lights on in a cheap office in Perth. It’s a full mine site plus large exec team on Adelaide Tce.
Did the previous cash flow analysis include the cost of the southern trenches and the remaining ponds? One would presume it did.
It will be impossible to know how much cash is exactly required without knowing the exact date from which the plant starts paying its way.
Delaying raising cash could be very risky if the plant commissioning drags on. Similarly the longer the uncertainty drags on the lower the SP could drop on AIM (it’s down today at 6.3 pence).
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