In the past 6 months or a little morethey have borrowed about $20 million cdn from the credit facility.
they received 3 million from the sale of pointe rousse.
they raised about 7 million in the financing(which they didn't quite fill)
they had about 13 million as of Dec 31.
june 31 they had about 13 million with bills to be paid.
So they did raise about 30 million so far this year.
They are no better off financially than at the beginning of the year.
And they are probably in much worse financial shape.
$30 million dollars and they drilled 2000 meters. What does that cost, about 1 million?
Where is all the money going?
I bet they are down to a few months of cash now.