gem funding, page-21

IG would have to clarify. But they say this on the website.

" The group had spent the last two months providing a business plan and spreadsheets to the funder with a requirement to the board that access be allowed prior to sign off so they could be satisfied the estimates were correct, the company was financially viable and the renewal and ownership of the leases were in order."

So the due diligence was with IG figures but presumeably crunched from publicly available data, since they had no access.

Obviously it is conditional on GEM confirming the "estimates" after being allowed "access". Who knows what would happen at that point.

But i honestly don't see how the leases could be "in order" when we know their are legal challenges and renewal issues.

I think a better timing for this kind of funding is post March, when we hopefully know a whole lot more.