Not in administration, if they didnt have enough cash or assets it wouldnt have extended like this for 9 months now
still have cash to fund C&M & drilling
gold debt not due till 2023
trading debtors only, if its liquidated they get nothing so better to take a haircut & recapitalise
Barrick gave them cash for shares and could again no doubt.
If drilling continues then they have cash for that.
Guyana Government & union has a lot to answer for by doing what they did pushing them over the edge.
Workers now dont have to worry about their overtime pay or working conditions, they are unemployed in the jungle.
Must be trying to sell the project to either Barrick or Zijin, no one else around.
Anything over $15M and we would get a payday, $50M and we get 5c ps, $100M and its 10c
They can wait for years at this rate.
Zijin paid $333M for a nearby gold mine with lower grades and smaller mill.
assume no relisting then if its sold in toto.
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