XML 12 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
OPERATING ACTIVITIES    
Loss for the period $ (9,455) $ (26,884)
Add items not affecting cash:    
Depreciation 134 185
Effective interest 4,982 9,855
Unrealized foreign exchange gain 52 3,092
Gain (Loss) on fair value of convertible debt derivatives 2,428 (1,929)
Unrealized gain on marketable securities previously recognized (862)  
Stock compensation expense 16 52
Net change in non-cash working capital 99 (607)
Net cash flows from (used in) operating activities (2,606) (16,236)
FINANCING ACTIVITIES    
Share issuance - warrant exercise 39  
Proceeds from issuance of equity 4,155  
Equity issuance costs (107)  
Interest paid   (1,314)
Cash proceeds from debt   10,000
Debt principal repayments (8,023) (5,000)
Cash received from Waterberg partners 1,940  
Costs associated with the debt (3) (892)
Net cash flows from (used in) financing activities (1,999) 2,794
INVESTING ACTIVITIES    
Proceeds from partial sale of interest in Waterberg   17,200
Restricted cash (Waterberg)   (5,000)
Cash received from sale of marketable securities 7,951  
Expenditures from restricted cash (Waterberg) 126 2,264
Fees paid on asset held for sale   (1,026)
Proceeds from the sale of concentrate   2,016
Waterberg exploration expenditures (3,257) (4,415)
Performance bonds   (1,119)
Net cash flows from (used in) investing activities 4,820 9,919
Net decrease in cash and cash equivalents 215 (3,523)
Effect of foreign exchange on cash and cash equivalents (100) 1,132
Cash and cash equivalents, beginning of period 3,017 3,414
Cash and cash equivalents, end of period $ 3,132 $ 1,023