Rahj, From the report, they have organised funds to...

Rahj, From the report, they have organised funds to approximately $15mil.

"On 9 August 2013, the Company lodged a Mining Rehabilitation Fund (‘MRF’) application with the WA Department of Mines and Petroleum for the
return of its $2.3 million Coyote rehabilitation bond. The Company has opted to partake in the MRF early where the fund contribution rate is proposed to be 1 percent of the Coyote rehabilitation liability estimate.

On 26 August 2013, the Company sold its remaining 78,392,301 shares in ABM at an average price of 3.4 cents per share receiving approximately $2.6 million.

On 18 September 2013, the Company reached an agreement with AP Finance Limited for a new unsecured loan facility of approximately A$12.0 million."

Probably at high interest rates again - of course, as it is unsecured.

It also states they are looking for more support from corporate sources.

From the report:
"The Board is working with various parties to secure funding to ensure the Company remains financially viable while the drilling program and subsequent evaluation proceeds. As part of this process, the Company has sought to delay the repayment date of the A$15.0 million loan facility with SHKIBBL to 31 March 2015. The Company is in continuing discussions with various third parties regarding possible corporate proposals and funding options."

...so I suspect a shareholder rights issue is not being considered except perhaps as a very last possible option. I think they would be fully aware that this would get short shrift from most shareholders after the last debacle.

With the new loan facility they should have enough money to get the drilling program done. After that they are obviously going to need more - but whether they can get it easily will depend on the success of the drilling program. Hope for the best!

If the pog improves and holds up, they could get some sort of corporate deal going as there is a solid resource at Groundrush to back it up, but if not it will be tough! Groundrush resource has well over a billion dollars worth of gold in it but needs a lot further exploration and lots of capital to get it out. Once again, hope for the best - or get out.