I missed something - the picture is even better as they have already paid for Peak...
So cash is actually .095c per share and covers off the debt per share, either way not that material to the share price as it should 5 bag anyway.
From the Quarterly:
ACQUISITION OF PEAK MINES
Ministerial Approval for the Transaction was received immediately after quarter end, with the acquisition completed on 10 April 2018.
The acquisition consisted of a base price of US$58M in cash, with US$3M pre-paid in November 2017, and the balance of US$55M paid on 10 April 2018. The final purchase price is subject to a working capital and net cash adjustment expected to be calculated and paid/received in the next quarter.
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