The company is in a good financial state, we have $5m of funding on call to do us over until money is brought in from the tailings project. $5m is as much as we went through over two years, by that point we would have effectively brought in approximately $12m from the tailings project. What is everybody's thoughts? Plus we are divesting two projects which should net cash soon. Where is the issue apart from the announcement looking fairly bad questioning the stability of the company?
CDB Price at posting:
4.5¢ Sentiment: LT Buy Disclosure: Held
