Timis done a runner?, page-26

https://www.steelfirst.com/Article/...he-fall-of-Sierra-Leones-iron-ore-sector.html

"Less than a fortnight later, PwC announced that it had sold the Marampa mine to Timis Corp for less than $10 million, with Timis putting forward $3 million of 'at risk’ money to secure the asset, and then paying a further $3 million for the mine itself. Some $230 million of London Mining’s debt was rolled over to Timis Corp as part of the deal.

Lending US$20m into a deal like this & only accepting a 2nd ranked security has got to be reckless on the part of the directors IMO.