Future earnings given away to stave off bankruptcy Well it appears they dodged another bullet and will survive to live another few months; assuming their costs get under control.
What pumpers on ceo are failing to communicate is the company just gave away more revenue and further diluted ebitda resulting is less net income resulting in a future lower share price to earnings ratio.
Desperate times = desperate measures. The fact they weren't able to produce enough gold revenue during Q1 through April to make the $3m payment suggests they will only continue to break even and are continuing to have ore control and grade issues.
If a company operating on $0 earnings is something to get excited about; people need to give their head a shake.