Can you kindly point out to me how much GPR have deposited with RIM of their $2.1 commitment on 14/12/23? I cannot find that in the announcements and must be missing something.
GPR have a history of defaulting on payments to RIM and there are a series of ASX announcements in the first half of 2023 regarding this.
The December quarterly advised, "...Subsequent to the Quarter Rimfire received a $250K Cash Call payment from GPR...". I cannot determine if the $250K was from a prior commitment, or if it is part of this $2.1M funding. If it is part of the $2.1M funding, I can find no other references stating any further confirmed deposits by GPR.
It is now 4 months since, on 14/12/23, RIM announced that within 6 months GPR have commitment to pay $2.1M. This means that ~$1.4M should have been received to date by RIM on a pro-rata basis.
Ann: Rimfire receives commitments of $3.25 million, page-14
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
