Yep missing the facts that they haven’t delivered on what they said they would and still kicking the debt can down the road.
Unless gold massively spikes or production goes nuts they’re toast. May take a while but they won’t survive.
IMO the debt is the killer- they can’t startup owing $25m like they did. BOK owed $35m and it sent them under. MKR have been lucky with the gold price sitting above A$2500 the first 6-9 months production but they’re not going to hold on
Ann: Manuka Debt Facility Refinancing and Silver Production updat, page-17
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