I don't have a problem with JG or MG being directors ...... but to restore confidence the AXIS loan needs to be repaid to MED.
Compared to the potential earnings this company can make, the AXIS loan is a distraction.
Wet season is over .... in order to fulfil it's employment contracts with staff; cashflow; and debt repayments .... I expect an announcement soon to inform us that production has restarted with the stockpiled material. DIAMONDS ARE FOREVER. They are not going away.
When mining restarts will see the AXIS loan repaid. So I don't mind an arrangement for AXIS for their loan repayment.
NO mining = NO company
If mining restarts, and arrangements are made for AXIS repayment I will put more money into MED.
MED Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
