1) They haven't got the funding yet.
2) They may never get the funding from GV after due diligence.
3) They don't have all the necessary approvals and permits.
4) They are in about $20M debt, who's paying the bills and with what?
5) Their half yearly financials are overdue.
6) Only inferred resources at KAT GAP.
7) Archean Resources fiasco.
8) Read the history of the mine and management and capital raising.
9) Less than 100k ounces at KAT GAP.
10) Gekko plant cost $6.5M, been waiting for 2 years to get it operational.
11) Do some research if you want to hold long otherwise this is just an opportunistic trade.
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