Post by
mdjbrown on Aug 03, 2020 10:15pm
anyone's thoughts?
Trying to figure this out, but if contractors are owed $26 million, $40 million is owed for the credit facility, and there is an expected $20 million to complete the first phase of the Milestone pilot project, that would leave approx $86 million in funding to get us to that finish line.
At very least I would assume the contractors who built the mine to date would want to be paid before doing any more work on the project, so even at $46 million just to get phase 1 completed, that is a lot of cash to raise when the share price is struggling to hold .20 cents.
I still cant get my head around the liens being filed against the property, as that is usually done when contractors cant get paid. What did the $40 million credit facility go towards?
Anyone????