The article heading is right "Desperate Gambit"
- Last owner of the mines went bust 4 years ago, current owners have already tipped in $1.8m to keep it afloat,
- Company is in cash burn mode for the next two years at least,
- 74yo CEO says there is better certainty by signing on with LWP thanks to its existing shareholder base
Yeah right, existing shareholder base is watered down to 20% so not really anything to do with them, more about grabbing the shell.
