YeeshaHK, this time I’m going to punt BM against receiver. The only reason in my view BM asked for an extra week till 6th May is the paperwork. I agree with Oldcar, the lenders will pop up some cash. The shell is too expensive to let go and BM has his back to the wall because it’s 100% if no deal come it’s definitely a class action to find where the $23m went. Quick restructure, consolidate stock, pay creditors, ready to rock and roll again. One of the lenders is A Mr Goldberg. If it goes into receivership he won’t get his hands in anything for years. There will be creditors popping up out of the blue as is usual in receivership. With good operators and some of the best ground in the Cloncurry Mineral field, this pear shape silicon can be turned into a diamond. Just the fools BM relied on let us all down. He may not have mining ability but has the gift of the **, from what I’ve seen so far. He has done a great job on funding, can’t take that away from him. Would be nice to see the quarterly for Jan-mar 23. The Auditors will be in the firing line, followed by CFO as well as directors. This, if goes into receivership will not be pretty and the lenders know that. That’s my take for what it’s worth.
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