RE: It’s Going To Happen2 Mar 2024 11:26
The Company will continue to work closely with its major shareholders and senior lenders on a full funding solution, targeted for the end of Q2 2024. While a strong focus remains on controlling costs during this period, as announced on 19th February 2024, the Company expects that it will require an additional interim funding to implement such full funding solution. As at 27 February 2024, the Company had a cash balance of US$24.8 million (excluding cash that is segregated for the development of the Vermelho Project) which is currently expected to provide sufficient working capital until mid-April 2024. However, this may vary depending on the progress of discussions with creditors.
Here is true number . End of March they need pay debt and its interest and end of April company run out of money . If they can strike a deal of fund arpund 500 millions should company will survive and share will rocket but if they cant so it will sign of close and end forever.