Mildura is a small town and people talk. Couriers, suppliers and...

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Buddyfranklin

26 Posts.

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11/10/21

17:42

Post #: 56717399
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Originally posted by abediamond: ↑

From the announcements and webinars, they are actually raising capital to buy Gelpell manufacturing equipment, not to "finish off this stage". They are also using it to commence registration of OTC products. It sounds to me as if they have a $50M loan facility to finish the stage at this point.

If you're concerned about the amount of equipment they are buying (not sure how you would possibly have oversight on this) maybe you should send an email? How do you know what equipment they do and don't have the option to purchase as part of the first stage of delivery? I don't recall mention of equipment being purchased in advance of the next stages or any mention of equipment sitting idle for any length of time... where are you getting this information?

They seemed confident with their program in the webinars - have you taken a look? There certainly could be some continued works next year, we will wait and see I suppose, management have not being accurate with predictions to date, but I assume they would be monitoring their program closely after the Covid delays.

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Mildura is a small town and people talk. Couriers, suppliers and workers all most certainly live in Mildura but could all be the local rumour mill. I just hope for everyone invested it actually gets off the ground, potential great product grown in our country.
I'm hoping to be able to leave town this weekend to head back home, hopefully I will be able to pass by the facility and see how it's progressing.

GLAH

CAN Price at posting: 29.0¢ Sentiment: None Disclosure: Held
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Mildura is a small town and people talk. Couriers, suppliers and...

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Mildura is a small town and people talk. Couriers, suppliers and...

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Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

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