This "need cash" meme may have been behind sp drop today.They...

This "need cash" meme may have been behind sp drop today.

They may need cash but that is one thing the 7 November announcmemt did not say they needed.

They have: $10m cash - plus $3m to $4.5m worth of gold (depending whether they have sold and on recovery rates).

They can cut and defer some expenditure and be slow in paying some bills. They've even got some assets to pawn. No debt atm.

This means they may effectively have up to $20m or more on hand.

So why do they need cash ??
They probably don't.
Or if they do, not much.

Mako Lode here we come...