Thanks for your kind comments. You asked references(?), there was a broken
link in point 1, and point 3 was lacking reference, so here is the correct message.
Q2 report reveals
5 million of the loan has been drawn down verifying the loan
facility situation discussed.
Strangely 1 million was paid back 27 May and drawn down again 4 June
page 7 Q2 report
https://www.asx.com.au/asxpdf/20180726/pdf/43ws8ltdsnc4hw.pdf
Note also 3 Points about the Q2 result
Point 1 the ounces
Q2 production 6103 ounces -target 6 500 ounces - 397 ounces
Q1 production 5735 ounces -target 6400 ounces - 665 ounces
The production figures are from page 164 (pdf 17/100) of HK Business
https://hotcopper.com.au/threads/hong-kong-listing-in-july-2018-any-risks.4279161/
Point 2. The company had luck with currencies
3 million was obtained see Q2 result page 7
"Foreign exchange gains 3.1"
https://www.asx.com.au/asxpdf/20180726/pdf/43ws8ltdsnc4hw.pdf
There is this 3 million in cash and
5 million of the loan has been drawn down verifying the loan
facility situation discussed.
The foreign exchange gains and losses are typically balanced over the time.
There is still real risk of the liquidity
https://hotcopper.com.au/threads/loan-use-5-million-by-15-may-cash-crises-terms-of-the-loan.4250206/
Point 3. The cash cost was 1066 USD/ ounce. This was better than during the previous
quartal but considering the price of gold at 1230 USD the margin is thin.
page 1 Q2 report
https://www.asx.com.au/asxpdf/20180726/pdf/43ws8ltdsnc4hw.pdf
