It was I who highlighted the cash issue. From their own quarterly cash flow they were going to run out of money whether Leadville chockers or not on June 10 (straight line). They good not keep trading without cash because they would be insolvent whether Leadville chockers or not.
I was naive in the hope oppies would be converted earlier enough to cover the shortfall but warnie was right in the end. Directors knew they were not going to make it and had made provisions for this eventuality.
I'm feeling a lot better now this cash issue has been resolved. Old habits I suppose.
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
