how many have taken up the offer, page-8

I think you are being wise, repete. "Institutional investor" is a pretty loose term. And management not returning phone calls is never a good sign.

The grades are not high, they have failed with two crushing circuits so far; wise to wait and see, IMO. Nor do you know yet what the other financing arrangements are that they have managed to put in place.

But, good luck to all the stalwarts. You deserve it.