EMR emerald resources nl

Report confirms that EMR continues to lend money to Bullzeye....

  1. 441 Posts.
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    Report confirms that EMR continues to lend money to Bullzeye. Facility was increased from $5M to $7M mid-Sept, and increased again to $10M at the start of Nov.

    The 2nd increase would suggest that the extra $2M that was agreed was closed to being used up at the start of Nov, so possibly $2M was burned thru in around 8 weeks, $1M a month.

    Consistent with my prior speculation that continued funding of Bullzeye was in part the reason from the shortfall between the net cash generated from gold in the last quarter by EMR, and how much their cash held increased.
    Last edited by tangey99: 10/11/23
 
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