Is the bridging loan facility still in place whilst they are searching for an investor and if so how much time will that provide th company ?
The company indicated that it was looking at re opening discussions with the near by mine to 3stablish an ore supply . Hopefully Woodacre a resident of Indonesia and fluent speaker of ba ba is actively involved in advancing these discussions and reaching a tangible solution within an acceptable time period . Maybe he is just fielding inbound enquiries as well ?
The survival of the copany is contingent on the boards ability to negotiate a funding outcome so hopefully Mr Munroe has he skates on and is able provide a tangible funding solution to shareholders preferably within the next 18 months would be good .
And all the white noise from investors and the pot luck of " jagging an invetsor " is not just an arbitrary side issue but is at the centre of the companies ability to avoid insolvency .
- Forums
- ASX - By Stock
- GMC
- Share selling survey
Share selling survey, page-10
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)