Here is a little scenario. Have a giggle if you like. It is pessimistic, but don't discount it lightly.
DL's investment.
97,551,458 shares at $0.15 per share.
Cost: $14,632,718.
Current value: Approximately $680,000.
Major shareholders might have to forget about their investment and move on, they probably have done their dough. This includes DL.
NRZ receives a share placement worth $30 million.
5,000,000,000 shares at $0.006 per share.
Total number of shares on issue: 6,413,910,831
DL calls in its $30 million, and then what have you got.
A company with,
Little or no increase in operating funds. Total cash now about $2 million.
6.4 billion shares at $0.006 per share on issue.
Cap value of about $40 million.
I know that this is probably over the top, but as Stage 1 not yet complete, all they can expect are promises. They need a cash injection now.
This US$20.4 million owing is increasing due to an interest bill of about US$424,320 per quarter. (AU$650)
They started the year with $847,000 and are one month into the quarter already. The only credible option at the moment seems to be to start selling plant and equipment and other saleable items. I think a loan or similar, at this stage, is out of the question.
I cannot see time now being in their favour.
Just a few of my thoughts. All IMO.
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