I am a small time investor who invested his hard earned money in ANGM which roughly equates to 2months wages.........i would be willing to sacrifice another month's in legal expenses if we could form a group to sue NH to make sure he can't work for atleast 2-3years......this would give me some peace of mind.........
Simple Nick was an idiot(like me for investing in this) and was too focused on getting the Zn mine progressing. He should have got the gold mine sorted first. If he had kept some of the money spent on the Zn mine and used it to get the gold mine better prepared we might not have ended up in this position.
The creditors will likely fall in line as the assets being sold off are more or less worthless and if Cyrus pull the plug on funding the subsidies they will go bankrupt and licences will revert back to Greenland.
Shambles by Nick will stay well clear of him in future that's for sure.
I can see this plodding along in the background for months/years with no final outcome for us PIs.
That's crazy, the zinc project has a minimal resource to spend all that money. How could management do such a thing? Have they ever heard of building a resource? Like who would give money to a company for mining when there is no resource completed? Just crazy, I would say creditors will reject a deal and creditors will look to take the assets. I'm baffled, and feel for those investors
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