Ann: Working Capital Funding - 16 November 2020, page-4

Good for now

Do I understanding correctly that the working capital is to fund the activities of RES and Ledjadja Coal.

my impression is that they combined seems to burn thru the cash at a high rate.

Do we know what Ledjadja Coal is spending on? and how much? Can we view their financial records?

Is personnel at RES also at Ledjadja Coal? are the double dipping?

Questions because it seems there are personnel around waiting for things to happen very slowly while the cash burns.

This is not rocket science and it's not the first coal mine developed. From my experience, excessive delays and red tape and a truck load of problems which drag on and on are usually good indicators of corruption.