Great to hear from you Exised, and I always value your opinion and judgement.
I'm not sure what is going to happen here, it's so quiet, and they've never managed a mine before.
According to the last quarterly, they also have very little funds remaining, which means little drilling.
I'd hate to see the little fella go down though.
It's increasingly looking problematic, and if they can't get the $7 million debt organized, they may try one last desperate attempt to survive by raising at around 3 cents.
They do seem to be a sleepy bunch at times, and maybe should have been more proactive by selling one of their projects.
I'd expect EVN will come to the party on the environmental bonds, eventually.
They may even have to put Mt Carlton up for sale. It wouldn't surprise me, but it would sadden me.
Shareholders desperately need news.
Gw
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