Ann: BASSARI - MAKABINGUI GOLD PROJECT UPDATE, page-7

I assumed when the current mob took over they had a plan that would secure them the cash needed to get this mine up and running.
Now it looks like they didn't have a plan they just wanted the old guard gone and hoped something would arise to fix the the problems.
Coris is playing hardball which is their right as a lender. I have no doubt their door is being knocked on by potential buyers from all over.
Why the current management hasn't already done joint venture deal with a suitable mining company that can get this ship floated is beyond me.
Its pounds to a penny that shareholders money's gone unless we're prepared to take a huge hit.
Given the potential here I would have thought the necessary dollars would not be that difficult to raise for a 50% stake.