Alimak, Lionel is correct that there is a dispute over sulphide vs oxide ore however IMO you are partially correct, they are delaying payment for their own reasons.
EXS already gave them 90 day terms to help them during a problematic start up so they may be just trying to hang onto their cash for as long a possible. Ultimately the company is backed by SOL so they are hardly in a position where they can't pay their bills.
- Forums
- ASX - By Stock
- EXS
- Ann: Great Australia Royalty - Update
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online