Well, we have a snippet fo information. Production has stopped and they are sourcing money.
The worry for me is that it looks like they are sourcing money for operational reasons not capital investment and cost reduction. I know I am not telling anyone anything new but the cost of stripping down the used material and setting up the leach pad should be coming from sale of product (cashflow). How much has been recovered from the stacks, how much was it sold for and what has happened to the money. At least putting the operation in care and maintenance is, in the very short term, minimising costs
This money for operations is the real worry for me not the late reports to the market.
Lets keep hoping.
AYN Price at posting:
0.1¢ Sentiment: None Disclosure: Held
