Great Lake capital management looking like the white knight we need.
From their web site:
"Investment Situations
GMDP focuses on opportunities to make investments in situations that arise from:
Non-core divestments from major mining companies that provide liquidity to the sellers while allowing the buyer to focus on the specific asset and unlock remaining value;
Re-capitalization of cash strapped micro-cap mining companies usually involves attractive entry point; and
Auction processes from governments or companies that include competitive bidding processes for advanced assets.
Our team comprises highly experienced mining professionals and geologists. Our multi-disciplinary team undertakes all due diligence activities in a meticulous manner, evaluating all aspects of mining projects including geology, mineral resource, mining, metallurgy, legal, regulatory, logistics, environmental and social compliance. Through our stringent due diligence review process we complete a strategic plan for the path forward that we believe allows us to mitigate certain risks associated with the project and unlock value moving forward."
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