Ann: Structural Interpretation Resolves Controls at Twin Hills, page-18

Yes, was always the risk running with Con Notes if there was a hiccup, cost blowouts, timing blowouts etc. Effectively handing control over to the Note holder for nix. Has been a salient demonstration of how not to fund an exploration program for a minnow. They have their place no doubt in getting to cash generative development points in a company's production evolution but in situations like this in exploration or delineating a known resource where there's a few delays or the drill bit disappoints...you're stuffed. It was a bad call, many said it at the time.