Big CR coming.....!, page-12

I can understand how any discussion on the recent activities of G6M would come across as down ramping. I am interested to read the reason for this CR and what the funds will be spent on. We know that in October 22 the G6M team undertook a detailed review of costs associated to complete construction activities and the working capital requirements to achieve steady state production amid concerns of rising costs due to global inflationary pressures which resulted in the $20m capital raising to institutional investor's and was followed up with the generous SPP so share holders could get access to the same CR deal. Yes they did miss the $7.5m EPC contract blow out but stuff happens and you don't have to blame the G6M team for that. They took on a few more million in debt and shares in early Jan and again post the March quarter they got another $3mil loan.

It is intriguing, IF it is a 30m CR, what is it for? A take over? A huge new drill program? Going straight into underground development?

Lets wait and see.