“There is definitely more to the story as CAI has not defaulted on loan repayments, as no repayments were due this quarter. It's likely they would have been in breach of their loan covenant if they fulfilled their debt payment to MAH and therefore triggered a technical default.”
Dont be so naïve.
The production numbers and associated costs this quarter will be disgraceful. The cash burn immense.
The assets are poor and you have been taken for a ride.
Stop seeking out Dazed, he help get you all in this mess.
Ann: Maiden Resource to underpin Nullagine Restart, page-182
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