This is why the ASX is not asking any questions (circled below) and they continue to get away with this rort IMO.
Had a bit of a chuckle.
They are basically claiming they have 12 years of available funding or $18.5 million dollars they can call on. (More than all the gold they’ll produce in those 12 years).
To me, it just looks like family and friends and associated companies that they have agreements with on paper to lend money that they never have the intention of borrowing, so that they can claim the funding arrangement to satisfy the ASX rules.
I mean seriously, who the flock would ever be stupid enough to lend this company another cent? I can think of one, begins with g and ends in mate.
This is why the ASX is not asking any questions (circled below)...
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