Diamond Joe paid for the con note some time ago. The $600k of...

Diamond Joe paid for the con note some time ago. The $600k of new shares are from this. He's put no new cash in for over 12 months

He last converted at 1.0c probably expecting to give shareholders confidence and price to turn. It didn't work with SP touching 0.5c yesterday.

Only $12k in bank according to last quarterly

New XR machine coming soon but company needs >$1mil cash to pay for it.

Yes $1.5mil coming via diamond sales in Antwerp in the next month but this may only be enough to fund operations for 2-3 months (based on Last year's cash burn of $4mil)

I also assume explorations are still underway however there have been no finds to-date

My take on all of this is a CR is coming soon and Management will want SP higher before this

Unfort to them I suspect market know what is going on and SP will trade lower in coming weeks ahead of pending Dilutive raising (that is if don't strike something descent in current exploration)