if there was a known, discussed and disclosed issue with financing and approaching drawdown this wouldn’t have occurred.
so my assumption on your assumption is that you are incorrect.
also given no one on here is a international banker providing debt to mining companies , or privy to managements discussions or comms with the bank regarding the SBLC, why it wasn’t accepted or have any idea how easy or hard it will be to get one provided.
it’s all just hot air and conjecture from everyone.
so given we are in suspension until letter sourced drawdown confirmed - I have no concerns until I see an announcement saying they can’t access the debt for X reason.
even after that occurring - even if we raised the total $20+ ml USD to completely equity fund construction , I have no issue with that level of dilution. And would happily stump another $50k at 18-19c to find this project. A lot of holders including top 20 plus a couple instos wouldn’t be a hard raise.
(20min delay)