RE: Prem29 Apr 2025 20:33
Alert - maybe that bit got cut out at the last renegotiation?
By my reckoning if GR called an EGM, realistically he’d be wanting to raise £5m, that’s a further 25billion shares or a further 50% dilution @ .02p placing, who the hell is going to vote for that? I can’t see Canmax supporting it. He needs to use what little cash he’s currently got to get the plant turned on . Jagliths assertion that it’s costing £500k per month will be way off initially as there must be stockpiled material on the the ROM pad to get going with before Goddards have to get back in the pit surely, if not, what were Goddards being paid to do whilst the plant has been shut down since last July, where have all these debts come from?