No prob Gwaihir,
just a follow up, whilst I knew that Adaman resources recently went into admin, I was not aware of all the other gyrations that seem to be mixed into what is clearly a basket case of a company/companies/shells etc... But... if BLK/WMX can continue to exist, then... why not other failures...
Suffice to say, I think the article supports my view that Rivit/Adaman are trying to either reduce debt, or... tie together GCY/Kirkalocka into a larger, processing hub of sorts... to package it up for... who knows what, a hail mary sale to some foreign entity.
Mining company collapses after reportedly racking up huge debt
Maybe... GCY should reverse the whole deal and offer to buy up Kirkalocka, Snake well etc.... since they are clearly able to mine low grade ore bodies. (joking everyone).
Ann: Non-Binding Indicative Proposal from Rivet Group, page-20
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