Pathetic to hold onto a sinking ship.
If successful, they will renegotiate something better... but not ideal for CXM. Will pay significant legal fees, additional $$ to SCF and focus their work on this rather than the sale and mining of Ardmore.
Will drain the already low cash at bank balance currently held, may be a lower capital raise from current levels and further dilution.
I only had a small position, but its now closed and will be moving on.
Definitely increased the risk on an already risky play.
Good luck holders. My opinion only.
Ann: Ardmore Phosphate Project - Rejection of Extension Fee, page-13
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