“Shareholders won't be served well if Mgmt. was to sit and wait...

“Shareholders won't be served well if Mgmt. was to sit and wait for a low-ball offer.”

Debt may be one of the few remaining cards the company has left to play at this point. But that doesn’t mean it’s a desirable outcome. Several months ago nobody in the forum would’ve described a debt/finance scenario as something they were hoping for (or expected to occur!)

Talking about ‘low ball offers’. At what price do you think the company would raise new capital? Certainly not at 30c. A very large CR in the mid-20s would be required imho. This would dilute current holders massively

I repeat - debt/equity may be the only practical way forward if no one has expressed interested in TO/JV - but regardless of that, it’s also the worst of all possible mine development outcomes from a shareholder perspective

Hoping for a Xmas miracle