I too believe placement will occur probably sooner than later. Repayment of Coris loan by instalments before 31/12/2021 which totals 13.8 million US$ or at todays exchange rate about 18.5 million AUS$. Loan from Bishop Resources 15 million AUS$. It appears to me with no further raising we will once again be in default. Where is the additional 16 to 20 million AUS$ to get to production coming from? For me additional capital raising is the only solution available as no assets left to offer as surety and in order to do this will BSR have to be relisted first?
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- Ann: Coris Bank Settlement and Bishop Resources Funding
Ann: Coris Bank Settlement and Bishop Resources Funding, page-21
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