TSXV:AUN.H - Post by User
Post by
Smeeeeeon Dec 29, 2021 4:20pm
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Post# 34268906
Thoughts
Thoughts
...if I were Drover, I would do my best NOT to raise capital at all... The mine is producing and therefore Revenues are available... How much? Don't know. What we do know is the mthly operating is about $1.5Million/mth. Debt repayments between now and March are $4.0Million.
There is $9.0million in the bank. SO... operating expense is covered for 6mths and with available revenues even at 1/2 production cash should be available for the $4.0million for debt. The mine will not be cash flow positive until potentially June now but the mine could get by on revenues generated. Also $1.5 operating expense per mth may be overstated with all of the layoffs due to production reduction.
Drover has dozens of eggs on his face right now and firing someone doesn't wipe many of those away. Dilution at this point would be a great big black eye!!!