RE: All Anaconda gets is $73,000All Anaconda gets is $73,000 they borrowed $2,145,000 in December and January on the standby guaranteeand, and i assume they spent it. If fully subscribed the only get $2,218,000 - enough to pay off the guarantee.
After costs, they are still broke. The rights offering just converted standby debt to equity. That´s why they say they can´t pay current payables - because they didn´t actually get any money.
Let´s hope the toll milling of concentrate pays off!