Unfortunately it seems that it is you who BOTH has no clue and...

Unfortunately it seems that it is you who BOTH has no clue and also needs to act like a smart arse now that you sold out. At least I have the common courtesy to not refer directly to the other poster. You lack both common courtesy and human decency.

I refer you to page 5 of the presentation, considering you are incapable of reading yourself:

"Strategic Process results in agreements to raise in excess of US$200M"

Page 3 of the quarterly:

"LHM’s C1 cash cost of production for the month of October 2016 was a new record low of US$15.12/lb." (Based on this, it seems that FY17 estimate of 17 to 19 seems too high for the December quarter and based on this I am making the assumption that they will be profitable for the December quarter - at worst not lose money.)

Let's be pessimistic and ignore the extra $20M that they will get from the small sale; so it's $185M. They will have a minimum of $30M in the Bank by the time the debt is due; likely that it will be much more. The last time I checked that is a minimum of $215M, MORE THAN ENOUGH to cover the debt repayment.

So it seems that not only are you are rude arse, but also incapable of doing some simple arithmetic. So the next time you want to argue with someone, please choose someone at your own low level, OK?

After the debt is repaid, they will have cash left in the Bank and the company will be positioned for a great highly profitable future ahead.