Hi Spid81 I don’t see it as critical at all…The facts remain mining should deliver a profit at mining levels…It s where huge profits can be made with reasonable certainty…To zero in on the economics the creditor was paid back before the plant is supposed to reach profitability once again in six months or maybe not…Prey
I believe we should all be asking why creditor needed to be paid back pryer to the project achieving profitability…Had they delayed the payment less dilution would have occurred…We can see massive extra dilution has occurred right when the company required a cash raise at all time lows…
Why did the company payout the creditor when profitability is expected in six months time…That’s $5.5 million of extra dilution at an all time low…The optics of this are creditor is not prepared to wait around and find out the processing plant still requires extra funds…
Regards Croc
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