Mbn is too far gone. They can't secure 15m of funding 8 months ago, what makes you think they can now.
To restart the mine, the company would need at minimum 6 months working capital and a sure bet that the price of Ni will continue to rise.
The Company never provided a forecast that the bank balance will hit 100million but it was our hero who have lead the witness, ops sorry, lead the cfo to agree that there might be a possibility subject to a number of conditions, the first and foremost the PON.
He would be odd the hook as the director insurance will not cover his action.
And good luck try to bring director from overseas into the witness stand.
If there was a case already, why is sgh or the like is interested?
At this stage, you are not funding a ca but a chance for the lawyers to charge billable hours to investigate if there is scope for wrong doing. Base on the information provided by the action committee, it may be worth to look into it more detail. Weather there is a case to answer, well, pay up and they will find out.
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