G1A 0.00% 5.9¢ galena mining limited

Ann: Abra Box-Cut Complete - Project Update, page-2

  1. 215 Posts.
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    Now would be the time for an opportunistic take over or buy in by a West Australian resource company with a spare 150 million for project development. There's a few around so maybe they are the non-bank lenders the announcement refers to.
    I seem to remember Sirius being taken out after they finished the Box cut. It would explain some of the interesting large parcels of shares being moved around lately.
    I take it final due diligence couldn't be completed by foreign banks as they couldn't do a site visit. It has been a several month delay to the original financing timeline though. I feel Covid-19 is an excuse and there is something else happening behind the scenes
 
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