its not bollocks. its the truth. why the funding needs to be repackaged is the $15m cash level that tribeca credit require. you notice tribeca are also a major equity shareholder. people say they would be happy to roll into GXY at current levels and collect upside on the bigger vehicle. going into care & maintenance preserves the asset and wait for a better day. talks havent collapsed they have only increased with various parties. i too am very disappointed with the situation we have, but you must remember we have a great high grade deposit with capex already spent. that isnt worth zero now is it ?
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
