dargie, they didn't need the money when it was 8c, let alone 12c. Everything was going swimmingly. All plant was operating at 10% above capacity etc.
All of a sudden they want $8m. But they haven't said why they are suddenly short of cash. Nor have they said what they will do now they can't raise the $8m. Nor, for that matter, have they achieved cash costs of $15/oz, except on one day - when the average was $21/day.
So, we know nuffin'.
AYN Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held