Thank you, I guess they will have spent bucketloads along the way, no doubt on salaries and suchlike, but they literally have nothing tangible? It"s absolutely going to tip over, but I'm fascinated as to why somebody would have tipped $4.6 mil into it. Knowing that it could never be repaid, nor could the interest charges be met (and why it would be extended is another thing again), it looks like a ruse to finish the company off. Seems like a lot of aggro for a questionable tenement - is there anything in the ground? Aren't they just going to handball it along to another under capitalised entity for them to do the same? In which case what are they going to get for it?
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HARANGA RESOURCES LIMITED.
Peter Batten, MD
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