Created a pit, created a mine...21 May 2024 07:44
Spent 100's of millions of shareholders money and now needs to fess up that the mine is not fit for purpose.
HZM v 2 Horizonte Minerals in the making.
Shareholders will be wiped out the senior lender will take over the asset, and will have to spend 10's of millions rectifying the problems
PREM doesnt have headroom to raise, even with an EGM, they will needs more than $20m ++
Its over here