QFE has $5.8m cash as at 2.5 months ago. Burn rate is low given...

QFE has $5.8m cash as at 2.5 months ago. Burn rate is low given the small labour cost base. Business as usual as long as facilities with GCI and 255 Capital are intact. Let’s hope that old Bruce has been plotting a back up facility since. Old Bruce and young Dale could be smart enough to forgo small interest incomes from loans to QFE than risk raising at steep discount (eg look
at CBR overnight) and significantly dilute their 30% holding. Having private big names like Smorgon and Waislitz should help. After all this is a $30m nanocap and they don’t tens or hundreds of $m to get through this crunch time.