hard to imagine any joy in tomorrows announcement.
The 9/12 1/4ly showed cash balance at $1.2M
I guess they have since drawn $2.0m bridging facility.
Admin burn will be at least $1.0m and I suspect another $0.5M on PFS including complimentary drilling.
Rough calcs then suggest cash balance @ $1.7m
Will be very interested in:
(a) understanding status of convertible note ... remaining $16M.
(b) intended progress (and speed of) re Kangwane.
The company cannot afford to be bogged down in a vendor dispute. Threaten and push towards the courts and let the courts drag its heals for a while. Progress Kangwane IMO so that ZYL has some substance.
Good luck with the quality of this thread Puppies...
zyl - discussion forum - focussed., page-2
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