GW1 15.8% 6.6¢ greenwing resources ltd

Ann: Activities Update , page-6

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  1. 3,114 Posts.
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    "Continuation to Stage 2 mining will be dependent on further technical assessment, metal prices and funding a 3 to 4 month period following Stage 1 to extend the decline and backfill stopes mined during stage 1."


    I would presume that once we get into the sort of pickle we are in any capital development is only done with the blessing of the creditors. So I would say we have the money to do it in the bank account, but at this stage its not our money its the creditors so they need to agree to any cheque that is for more than a packet of tea bags...
 
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