fairy looks at the clean statement

Fairies wonder
fairies seek
Spread fairy dust
it's sort of Greek

Wow a cleansing statement
Is it a CLEAN singing statement?

some of the following figures are rounded
Please check and see if they are correct.

LIABILITIES CURRENT $19 million WOW!!! yep current
Loan 1.5 million can be converted to shares (approx 90mill)

BUT what happens on default.

Loan guaranteed by
1. First ranking general security over ASSETS OF THE COMPANY
2. A Mining Mortgage over leases M38/9 (the Mikado Gold Mine obtained from Deep Yellow) and M38/968 (you check)

there was a $138,000 environmental bond attached to M38/9 lease.

What drilling has been done on these leases.

Does the holder of the $1.5 mill loan obtain the company assets (mill etc) and several leases including maybe the environmental bond or bonds for $1.5 million?

mmmm the fairies wonder