RE:RE:RE:RE:RE:Eric Sprott to the Rescue I think having to shut in the plant completely really destroyed their limping along quarterly cash flows from the plant just enough to pay for working capital. With that source gone due to covid and then the weather/covid in later part of 2020 - they needed cash desperately.
So relative to their status quo which was limping along paying working capital and borrowing the odd loan from insiders - this is a fast paced use of cash.
600k from palisades, 287 k private raise + recent 250k sprott raise - all in last 6 months - HOPEFULLY is going towards things like really bugging up spare parts purchases (ie the optimization talked about of plant), drilling (not cheap and hopefully something learned), purchasing volumes of ore (we had no cash at all as mentioned above , now apparently we have 120 t/d ore deliveries that need to be bought - good thing ) , and working capital for employees etc ..... we need to finally spend to get this dead horse moving finally (I hope) and maybe , just maybe this thing finally turns around ?