Your statement is correct. However if we lose we have time to during the appeal process to raise the funds in any means possible to pay off the bond holders if we lose the appeal. My understanding is the company sold equipment which provides payment for interest payment for the bondholders as well as expenses through the first quarter.

The equiptment that was sold would be needed later in the mining process and can be replaced to not delay the mine.

Of course if the company is not sold, financing of some sorts would have to occurr by the end of the first quarter.