At the end of the quarter they had $24m cash and $23.8m reserved by bond holders leaving $200k working capital. That's pretty tight. With $10m received from MM they have more working capital, but outgoings at $49m for this quarter means they need serious revenue from full production or another cash injection.
Receipts for sales at $116k for 9 tonnes FeV suggests they got $12.88 a kg if one applies basic maths.
God bless shareholders.
Ann: Quarterly Cashflow Report , page-2
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