becoming too money hungry. This project is becoming a black hole. Draw down US$10m immediately, desperate for cash. Plus still need a capital raise, likely at 30 cents. Not far from pre-consolidation price.
All may be forgiven if they can start producing, but will likely take 6-12 months to recover to around $1/share
Ann: Debt Facility of up to US$15 Million Secured, page-6
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Last
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Mkt cap ! $99.19M | |||
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