Ann: Change of Director's Interest Notice, page-7

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boomeronrations

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11/08/21

13:43

Post #: 55203432
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Originally posted by Bullrush007: ↑

I'm satisfied that they still got their shares at 35c

I'm dissatisfied that the AGM was not made aware of a fundamental issue (inadequate quality salt harvesting volumes resulting in a cashflow issue and the requirement of additional capital before year end) and I feel this was a big 'non-disclosure' issue

How much do they need and what is the drop dead date that this capital is needed before insolvency kicks in
What is the capital raise arrangements on the table. More debt, equity placements or offtake client prepayments
How does this impact their revenue program (quantum over a period of time) to enable debt repayment
Are negotiations with all creditors progressing amicably or is it their intention to call in the debt...if later, we are all F$$@$%
What is the outcomes of renegotiated debt provider repayment terms
What measures is the BoD putting place to maximise capital retention and minimise capital expenditure
Are negotiations with all offtake clients progressing amicably or are they applying penalties

Questions in my pip at the moment

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Oh , I am not saying they are pure as driven snow , the announcement just pushes the pointer on the credibility dial, a bit from the dishonest to the incompetent .
All the questions you are asking are pertinent , but they are unlikely to have the answers .
Suspension over, when they do , assuming they decide to fess up.

SO4 Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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