There is a chance G6M never trades again. If G6M enter a trading halt for debt financing. If the debt Financing falls through. If G6M go into voluntary suspension while looking for debt. If no one lends. Liquidation.
I hope that is not the case for all the mum and dad shareholders that have put their hard earned money into G6M. But who would lend G6M more money? This round of financing is what? the 5th? 6th? to get the company into cash flow positive. Looking at the quarters
-mined ore
-concentrate production
-recovery rate
-cost per MTU
-interest costs
-debt levels
-cash on hand
shows there are many issues. The fact the latest month of September was the worst month of the quarter shows how much the operation is struggling. You would think management would have it easy considering it's the highest grade deposit in the western world, has the highest recovery, and lowest production cost.
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