Check your facts.
SGI had A$26.8 million in cash, in early October. It's CYL that's broke; or will be, effectively, if and when the Vango acquisition occurs.
SGI closed Q3 with US$11.6 million, or A$16.8 million, in cash. Just after the quarter closed, SGI took a gold loan for A$10 million, from Auramet. So, at that point, SGI had A$26.8 million in cash.
Catalyst, on the other hand, closed the July-Sept quarter with A$17 million in cash. If and when the Vango acquisition happens, you will assume Vango's debts: these include A$9 million owed Collins St, whatever Vango burns of the $5 million credit line they just took out, the court costs due Superior and Zuleika, and the $400k owed your JV partner LoneStar. Figure in the $4 million/quarter burn rate that Catalyst is running, and it sounds to me like you folks are effectively broke.
Do you disagree?
Check your facts. SGI had A$26.8 million in cash, in early...
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