RE:Proposing A Motion At The Next AGASlowing the burn rate won't help the $21 million CAD credit liability.
Nor , with less than $10 m working capital , will you see much exploration or development activity and within 6-7 months the cash will be essentially gone except for shut down costs
I recall that if you can commander 10% of the shares, you can ask for a special AGM whose sole agenda item is to place the Goldboro deposit up for sale with all net proceeds distributed to shareholders after all debts have been paid.
Otherwise, you face progressively higher dilution at progressively lower prices with little in the way of development gains for Goldboro, eventually facing bankruptcy when the credit card is called due.
With POG about to move above $2100 , you might get $75 million or so for Goldboro but that is just a guess.
Or get out now while you can ..
GLTA