Higher Ground The company finished the year off with approximately $16.5 million in the bank, signifying a rough road ahead as the company has numerous debts to cover to the tune of over $80 million by the end of June 2020. The firms cash position decreased from $27.9 million in the prior quarter, despite raising proceeds of $20.8 million from a rights offering, $10 million from loans and borrowings, and $2.4 million from the issuance of share capital during the quarter, bringing into question just how much fuel is left in the tank as of the time of writing.