No rumor its fact, will depend on how tight cash gets so more having to do it for working capital but would also raise enough for the expected capital costs.
A debt funding option may present itself but the company will struggle with options as they still have the convertible note out there which is debt (I own this as well).
I love the wording are "evaluating" DEBT funding discussions for Pearse. They can "evaluate" as much as they like but action is what speaks the loudest and this project is already 12 months late which was meant to be our cash cow that provided us with significant free cashflow from its negative cash cost of mining.
Goodluck to the guy buying, this stock never should have got this low if we had good management. Have great assets just really really bad management .
KBL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held