You might be right @playwithfire, Cosmo loan could be over $1.5M by now. Seems to have increased $50k between 30/06/23 - 31/12/23 & was sitting at $1,488,957 (4 months ago).
It appears ADG / Cosmo have started to lodge applications again for tenement expenditure exemptions. Strangely convenient for ADG that the wetter than usual wet season (Jan - Apr'24) coincided with Cosmo exploration plans (during the wet season) with next to no cash in the Cosmo coffers. Then again, maybe that's the basis for the exemption application (i.e. not enough cash in the Cosmo coffers to execute exploration in WA due to exploration plans for ADG at Adelong or Brazil).
It'll be interesting to see what decision the DMIRS office makes regarding the latest ADG / Cosmo application for expenditure exemption...
Is Cosmo Gold trading while insolvent, page-46
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