I agree entirely with what you said. Too much secrecy here.
You also said:
"They keep boasting about having $50m cash in hand. Why would they need another $40m? And if they issue more shares instead of borrowing the money my opinion is thats close to corruption- giving their mates the chance to buy shares at a discount, and we have to share any profits even further. A loan could be paid off in months."
Again, I totally agree with you on this one too. With what they are about to make on production, repaying the debt would be a laugh, thus giving shareholders a greater return in the future. Diluting is not the answer.
More transparency is required, lol.
Cheers, Buddy
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held