im hearing the mine has closed down., page-12

A lot of damage can be done with rumors fuelled with speculation. Someone "heard" staff wasn't being paid. That is a mighty serious and damaging bit of gossip, particularly if it turns out to be incorrect. Investors can do a few things here:
1. Confirm the rumor. If employees are not being paid and debts are unpaid as well then, regardless of a reported credit facility, the company is insolvent and needs to be reported as such at once in order to protect unsuspecting potential investors.
2. If you believe the company is insolvent then, as a shareholder, you are unprotected, and you should really bail out now at .095. If the company is turned over to receivers then you will get nothing.
3. And last, if it all turns out to be simply rumor and gossip, you may reap great amounts of pleasure watching the management pour hours into defense against insolvency claims, dollars into solicitor fees, and delays in getting the plant into production.

The bumper sticker is right... "not all dumbs are blonde".