Meanwhile, back to EUA4 Dec 2025 22:27
… no sensible answers anywhere, not from the company
nor from this chat board, about that errant $26 million…
? perhaps that investor webinar will provide a chance for the company to clarify where it has gone?
to recap …
- the company raised $26 million in placings, which was supposedly to fund rosgeo jv.
- but the jv did not go ahead, and the company didn’t refund the money to placees.
- so presumably (unless the company literally burnt $26m in banknotes!?) that
$26 million should still be sitting around, resting in someone’s account, somewhere …
- and yet, for some specified reason, it seems EUA couldn’t use those $26
million to avoid the sanderson convertible loan, & the subsequent placing…
so, where is that $26 million now, who is accountable for that, and
could it be used to fund mining startup at MT? (… & if not, why not?)