I don’t see how they will avoid a CR @jogo. The had $5.9mil in...

I don’t see how they will avoid a CR @jogo. The had $5.9mil in cash at the beginning of the year and are using $2.5-3.0mil per quarter. Capex is $36.1mil and the indicative financing offers are only up to $35mil. My most optimistic estimation is for them to take 12 months to become cashflow positive. That will still mean raising more than one third of their current market capitalisation. More realistically, it will more like half.  All my own opinion. DYOR.