No Equity partners = Zombie company

  1. 24 Posts.
    lightbulb Created with Sketch. 4
    20 odd years and they cannot find an equity partner.
    The iron ore environment now negative.
    Probably $70m to $80m gone in that period.
    Raised money for a BSF and couldn't even do that.
    Granzien was an absolute shocker.
    That finance facility cost the company a poultice.

    If Kirkwood is to have any chance, then he needs to get rid of Cholocos.
    Been overseeing this disaster the whole time.
    Somone tell him the shareprice is near record low, little cash and no prospects.

    Just before this company announces they have no interested equity partners - Cholocos will probably resign?
 
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