Debt financing was always the plan as the set up costs for the Tungsten mine were estimated between 50m-70m. No CR can deliver that amount at current prices. The monthly / 2 monthly small CR's in London are designed to pay for the gold drilling and ongoing overheads.
If there is a good thing to say about the management then it is the way the kept the numbers of shares relativly low compared to many other penny stocks.
BTW, the company response to the ASX query was exactly what we were demanding yesterday. They could have saved us a lot of confusion if worded the request that way in the first place.
Anyway, did not sell my core at 1.3c, so why selling out now when there is a current Goldrush and Tungsten coming back in favour.
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