It is very strange that share price, has crashed to 3.8 cents which is under 50M market cap.
To my thinking, is it AISC blowout, production problems or something to do with its debt.
Could just be retail punters selling. There are no insto so it will just be traders.
I wonder- as a theory- only a theory, if it relates to the Annual report.
Auditors will only sign off if there is sufficient cash to meet 12 months of obligations.
are there unpaid bills to pay?
Because debt is now 65% of market cap, does that involve making a payment.
I do not know the answer, but the stock has dropped 30% over the past 2 months.
It is just not the gold price.
I could be wrong.
DYOR
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