RE:3 big partnersBmw, coming up with the $15 million or so needed to complete phase 1 likely isnt the pressing issue.
There are tens of millions owed to local contractors who built this concept mine to the 83% completion it is now.
A .17 cent financing raising $100 million would decimate shareholders , so it would be interesting to be a fly on the wall to hear the available options.
If the powers that be carried out a 1-10 consolidation, leaving approx 20 million s/o with a shareprice of approx $1.70, and then offered shares for debt to the contractors, would that do it?
Shareholders would get stung, but other potential alternatives could hurt worse, if they cant get the bills paid! Creditors could also get stung at pennies on the dollar through court proceedings.
If they could split the real estate / potash entities into separate companies, and get to a revenue generating stage at Milestone with happy contractors leading the way, that would certainly help create shareholder value long term.
Not sure what other options there are, but hoping for further Chinese investment dollars could really hurt..................