I'm satisfied that they still got their shares at 35c
I'm dissatisfied that the AGM was not made aware of a fundamental issue (inadequate quality salt harvesting volumes resulting in a cashflow issue and the requirement of additional capital before year end) and I feel this was a big 'non-disclosure' issue
How much do they need and what is the drop dead date that this capital is needed before insolvency kicks in What is the capital raise arrangements on the table. More debt, equity placements or offtake client prepayments How does this impact their revenue program (quantum over a period of time) to enable debt repayment Are negotiations with all creditors progressing amicably or is it their intention to call in the debt...if later, we are all F$$@$% What is the outcomes of renegotiated debt provider repayment terms What measures is the BoD putting place to maximise capital retention and minimise capital expenditure Are negotiations with all offtake clients progressing amicably or are they applying penalties
Questions in my pip at the moment
SO4 Price at posting:
31.0¢ Sentiment: None Disclosure: Held