its probably the current liabilities that are the most...

its probably the current liabilities that are the most concerning. Everyone knew the 10.5 mill for the convertible notes would move in here, but the jump in trade and other payables is a surprise.

as for the deferred revenue I believe that is just an accounting entry to cater for the quintana deal, so not worried about that. That will reduce as metal comes out the gound.

Flying close to the wind.

The trade creditors would be unsecured, and quintana has security over the assets.So there is no advantage in the creditors calling in the administrators/liquidators. that is one thing they have going. If the creditors want their money, they have to keep operating.