If the expenditure for this quarter is to be $450,000 and they Have $1,000,000 from Lind then they are $550,000 in front for this quarter, meaning they can pay back Lind $550,000 on Feb 20 with the borrowed money, plus revenue from any concentrate sold before the 20th if any. After this quarter they will have revenue from concentrate sales. Will that be enough to keep the company going plus the development of Taronga. Could be a choice between capital raising or going slow.
If I remember correctly the pay back of the loan to Lind, back in beginning of last year, was in part from the money borrowed from Lind. Seems they over-shoot the borrowing knowing they can give it back. If Friday is the 1st day of the 5 consecutive days of the share price minimum, then they have until Thursday to get the share price up as high as they can. What are the possibilities/chances ?
This whole thing is very similar to this time last year. February 2018 the share price shot up on the back of drilling results [cobalt] and we are waiting on drilling results again plus the Lind deal again.
ANW Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held