As we now have the GAM plant operational and a mobile plant in situ as well, why do we have to wait until early March for the second pour?
The first pour was on February 12 2023.
According to the announcement on 12 December 2022 "gold pours are expected to occur on a weekly basis."
Even if the second pour is made on 1 March 2023, that means a 19 days delay between pours (despite the costs incurred in having two plants).
The more information that is devulged by the BOD,the worse the situation appears to be.
No wonder the MD has secured his job for an additional six months under the terms of the 76% interest rate secured loan.
Added to that TBA will have to pay 15% interest from 1 April to 27 September 2023 amounting to only $258,904.
The interest burden that has been negotiated by the BOD appears to have been designed to ensure that SH are left with zero.
No profits and no assets.
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