Just got off the phone with the company. Just to satisfy peoples nerves there is NO payment due on the 30th May. The re profiling debt is what its is and going ahead. And agreed upon by the company and the lenders. This company is much much safer now than ever. Also the lenders agree to take off $60 million dollars worth of debt which is equivalent to about 10 cents extra per share. So in reality we now are really really undervalued. It should be trading at about 12.5 cents. Since the announcement was made. There also may be an updated production output announcement in June for May results.
Sentiment is now to buy. DYOR
why the sp is sitting still on 3.6cents?, page-49
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