Ann: New Yandan Geology Model Defines Compelling Targets, page-18

The con note - major unforced error - genius terrible mistake

Humble suggestion for the genius con note holder with the genius thesis on the other side of this genius strategy

Very soon at worst this will be in the kind of territory where you find yourselves holding environmental liabilities because the company collapsed handing you marginal assets with $5m annual holding cost and needing approx $20-30m to generate a discovery - which only public market will fund this so good luck)

Or at best facing a new bunch of management that will be a complete unknown

The only way out is to buy $1-2m on market and restore cost of capital and confidence

Next time don’t hand $10m to pre discovery explorers with high holding costs who for some reason are allergic to just doing roadshows and raising money the normal way