Sounds like the company has already spent the CR. More exploration . When the company was cash straped they explored and bought land and are now in trouble. I once lent my neighbour money to pay the rent and she went to the club and played the pokies. How about ramping up production first to pay the rent. Ramping down exploration and land purchases and pokies after all we do have 7 years mine life ATM. Surely all expenses could be kept to a minimum for a year while we save some cash. The board are acting like kids in a lolli shop.They want to spend all their money and then pinch Mum and Dad for more.
Why has the immediate need for power connection not been addressed before we bought land ? And why was this basic problem not mentioned in previous announcements. They are playing the pokies before they pay the rent.
AYN Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held