Post by
KozmoT on Jul 12, 2023 7:33pm
Ouch!!! They got less than 1/3 of the PP they needed.
They were going for $1,300,000 and got only $411K ... that's a tad short of the $10,000,000+ they owed to Trades and Loans payable on their last financial statements. Weird how they forgot to make any mention of the missing Preliminary Economic Assessment on the waste piles ... the missing Pegmatite Corridor drilling or the "production" on the allluvial deposit they "forgot" to drill or assay.
Comment by
ErinBrockovich on Jul 13, 2023 8:04am
It's first tranche of those funds. It's entirely possible there will be a second to follow. But if they don't get the remaining funds there could be issues. At the moment there is no reason to assume so.
Comment by
DavidAb on Jul 14, 2023 1:28am
Komical alyas kozmot hurt himself again, i do hope your ok though!
Comment by
KozmoT on Jul 14, 2023 1:36am
How so? care to explain? ... didn't think so.
Comment by
ErinBrockovich on Jul 14, 2023 6:16pm
It's looking that way. If they don't announce the remaining funds soon then they could really struggle to start up that new tin plant. It's a long process to optimize and produce at a profit.