Wow- can't really say I'm surprised given construction progress has remained at 60% since August 2018. So makes sense that there is no one working there.
What doesn't make sense is why they are going through cash at the rate of $400k per quarter (when no one is on site), especially given they are borrowing this money and I can't see how they are going to pay it back.... can you?
$5.5M plus the trade payables due = potentially over $7.5M owing in around 75 days?
Where is the borrowed $400k going?
Anyone know if big Hamish is still being paid?
Maybe Hamish presenting at another conference in Vienna ??
- Forums
- ASX - By Stock
- GMC
- Ann: Update on Indonesian Ore Supply Strategy
Ann: Update on Indonesian Ore Supply Strategy, page-38
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)