Looking at financials released in Sedar today On December 4, 2020, the Company entered into an option agreement with Golden Minerals Company (“Golden Minerals”), which was amended on May 17, 2022 (“Amended Option Agreement”). Pursuant to the Amended Option Agreement, the Company will acquire a 100% interest in Santa Mara Project by making the following payments to Golden Minerals:
• December 4, 2022: 1,000,000USD
and there is only 346,000USD cash on hand. Where are they going to get the money from to pay for exploration and pay golden minerals? They can't raise any money, that PP wormy close until 2023. What the heck is going to happen?
I think they will have to close the doors for now, release all staff and put land on care and maintenance (if there is any care and maintenance required). Not to many options when no money, nobody wants to invest and managment lied to us about having enough. Where did the money go? Where is Peter ? Disappointed