SL didn’t block the merger with WGX. He wasn’t even on the board of GCY then!
He represented FFR , not GCY.
This is a tough, but right decision. In 25 years in commercial lending have seen too many people throw good money after bad. There never is a right time and no one gets it right. Rather this than a DCN
at least their is no external banker holding the cards here - SL did the right things early. The money we don’t have due to the exploration success is what will get this operation moving again.
Ann: Dalgaranga Gold Mine Operations Update, page-4
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