Dear Aviza2913,
The one thing we have in our favour is the very healthy Aussie gold price! Crunch time is upon us! I think that if the gold price was AUD$2,200 the company would probably be in the toilet. Here's hoping that the company can get out of this thorny spot!
The other factor is that there is no announcement to date, that staes Olary is not coming up with the $950,000. One could reasonably expect that they would have told the company that the sale will not proceed, if they knew at this stage that completion was not possible.
But who really knows what's happening until we see an announcement!? Imagine if the Olary money comes next week, and then a further $1M comes in 12 months from Olary! There's $2M that can be theoretically applied to the Convertible Note!
Hold all tickets, or rip them up?
Dear Aviza2913,The one thing we have in our favour is the very...
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