RE: Congo31 Aug 2023 06:06
Helpful it's as clear as mud but your familiarity as you suggest means you should be right particularly as it relates to CLNs which you have a conflicted interest in.
So AB prevented from issuing shares. RRR burning cash , DRC remote. Elephant overvalued, POW idea from liquid unlikely.
Options - farm out of part of ALR as suggested by Zumore. Load up with debt secured on assets.
I think the company is in real danger and whilst their may be value in some of the assets, the current situation infers that value will accrue to CLN holders debt holders and creditors. Whether that is through poor management or by design I just don't know. But no headroom ( which no one would have worked out without Helpfuls input) is a real red flag.