HiWhat have they failed on?Firstly, I am not jumping with joy...

Hi
What have they failed on?
Firstly, I am not jumping with joy regarding my holding getting diluted.
On the other hand, someone said best to have more shares in a company producing, than less shares in a company not.
I agree with that.
I also read someone mentioned they could have borrowed money. I would have thought that as well. I am not sure what they would have paid if it was borrowed, but think it would have been higher than 10 %. Someone will have a better idea on what the rate would be for a company in our position. It would have cost us a bit in interest if it took a year or so to pay back. I know they were working on 7 months, but things never run to plan. Now the money is sorted, no interest payments which is a huge positive.
It takes time to restart. Management have done their best with very little money. It could be a lot worse.
Who knows what the results will be? Free cash? Dividends? using some cash to do a share buyback? merger?
Or will someone come and make a cash offer for HGO.
All in all, lots of things could happen over the next years. I am looking forward to it.