Dear oh dear, I will give them this. Despite me thinking they can't get any worse, they still manage to outdo themselves.
"Production at Mt Boppy is contingent on a portion of project finance being secured as part of a refinance of the senior debt which is underway. This is progressing. Commencement of Mt Boppy production has been delayed a little due to the refinance and now likely to commence in Q2 2025"
It was originally reported that they would be making gold by end of Q3, then they said it woud be Q4, now its Q2 next year. And its dependent on getting more funding?! I thought the 8M raised back in Q1 or Q2 this year was supposed to buy the plant?
They give no update on the plant construction at Boppy or lead items arriving on site... how are they going to convince Transasia they can pay back anything by Jan 30 next year when they wont be making any money between now and then?
Their silver resource annoucement didn't move the SP, obviously because even penny-stock-punters are now realising this company has no hope. Only thing to save them is a sale of a tenement but even that wont bring enough to make a dent in the debt.
What a sh t show.
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