I was a previous holder, don’t want to downramp or argue with other posters but I generally agree with informativeation assessment.
Even before the recent released figures, mining costs and other supporting information it’s clear there just isn’t enough breathing space to cover finance, interest or any production or processing contingencies. The Bluespec story being pushed is also totally unfunded.
It’s almost spelt out for those looking at the basic figures presented that the company can’t repay the finance in its current form … and Macquarie Bank will have no mercy for the company or holders.
Wish you all the best.
CAI Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
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