there is so much fluff in the announcement to share holders but just looking at it they are spending over 20million a year before they even hit production .....
they also have over 3 million dollars in loans to be paid back by the end of this yeah and i think they cant issue any more shares to lda as the way it was setup with 15mill in put options and 5 mill into convertible shares
as i put this info in the other thread.
i wanted to add the 90million debt is from loans and shareholders
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there is so much fluff in the announcement to share holders but...
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