well these are options we have discussed too.
manage creditors, defer Nucharee’s loan another 12 months (she is getting 12% interest plus mining contracts, so don’t see any drama to extend 12months) existing operations get us until refub of plant 1 and then make enough to start mining operations/ management mentioned slow down (no wonder they need another 6months to finish it) refurbishment of plant 1 and start mining operations. All of those options possible to avoid loans and or CR or Sell NE.
One thing is clear if we want refurbishment and start mining operations quickly we are short of $25m -30m (inclusive of paying Nucharee $12m back). This is the reality and we have to face it. Let’s see how many holders dropping their pants because of 25m CR (my opinion less likely).
Auditor wouldn’t sign the report unless we have listed those options, gold production or cash can make things different.
Note: those people who said we have to pay Zurich back please show me were RSK mention it on the report.
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