Arnoboy They are beginning to get into real trouble. The...

Arnoboy

They are beginning to get into real trouble.
The convertible notes is almost a last recourse
Had they raised money again share price would have plummeted even more than it has.
Imho there are a few things now;

They somehow turn the ship around and generate 1000 Oz every month as a min.
If they generate 500 Oz the market is going to see this imho that all that supposed gold isn't actually there and what is there cannot be mined profitably.
There was meant to be 40000 tailings.. I think it's fair to say that was bogus. To not hear about it any more as a source of income is really shameful.

Hm4 hasn't started yet, that's a super big worry. That says to me again no tailings with gold in it and no high grade ore.
They have hm3 meant to be doing 2x 6 hour shifts at 25 tonnes an hour... But the actual gold recovered isn't reflecting this at all.

It's sink or swim now I think
They could be bought out for pennies in the dollar by Anglo.